Flat for Auction Saidapet Chennai 86.8 Lakh by Bank of Baroda 29 Jun 2026
Saidapet, Chennai
Area: 1241.0 Sq. ft.
Door No. 5, 7 and 9, Old Door Nos. 3/1, 3/2 and 3/3 (4), Vaaniyar Street, Saidapet, Chennai-600015
Bank of Baroda · ROSARB : Chennai
Reserve price
₹86,80,000
EMD ₹8,68,000
Auction date
29 Jun 2026, 02:00 PM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 1241.0 Sq. ft.
- ▸Locality: Saidapet
- ▸Reserve: ₹86,80,000
- ▸EMD: ₹8,68,000
Auction snapshot
| Possession | Symbolic |
| Property type | Flat · Residential |
| Locality | Saidapet |
| Built-up / plot area | 1241.0 Sq. ft. |
| Lender | Bank of Baroda |
| Branch | ROSARB : Chennai |
| Unit / flat no. | F1 and F2 |
| Building / society | Lakshmi Nivasam |
| Floor | 1st Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹25,000 |
| Service provider | BAANKNET |
About this property
Flat bank auction in Saidapet, Chennai by Bank of Baroda — reserve price ₹86,80,000, 1241.0 Sq. ft., Symbolic possession.
Discover a valuable bank auction opportunity for residential flats F1 and F2, offering a combined 1241 sq. ft. of built-up space, including one car parking, within the 'Lakshmi Nivasam' complex. Located on Vaaniyar Street, Saidapet, a prime locality in Chennai's Mambalam Taluk, this 1st-floor property presents significant investment potential. The auction features a reserve price of ₹86.80 Lakhs and an EMD of ₹8.68 Lakhs. The e-auction is scheduled for June 29, 2026, from 2:00 PM to 6:00 PM, with inspection available on June 22, 2026. This bank auction property is offered with symbolic possession on an 'as is where is' basis, making it an attractive option for informed buyers seeking residential property in Chennai.
GeoSquare note: This residential property in Saidapet, Chennai, offers a good investment with two flats totaling 1241 sq. ft. within the 'Lakshmi Nivasam' complex. The location in Mambalam Taluk is well-regarded, and the reserve price appears competitive. While possession is symbolic, requiring the buyer to manage the physical possession process, the overall value proposition makes it a strong buy for those comfortable with symbolic possession terms.
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