Flat for Auction Selaiyur Srinivasa Nagar Chennai 51.2 Lakh by Punjab National Bank 23 Jun 2026
Selaiyur, Srinivasa Nagar, Chennai
Area: 8431 sq ft
Flat No.S1, Second Floor, DGM LS NAVEEN, Srinivasa Nagar, Selaiyur, Tambaram Taluk, Kanchipuram District, Tamil Nadu
Punjab National Bank · ARMB: Chennai
Reserve price
₹51,16,000
EMD ₹5,11,600
Auction date
23 Jun 2026, 11:00 AM
Auction notice
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Quick read
- ▸Possession: Symbolic
- ▸Area: 8431 sq ft
- ▸Locality: Selaiyur, Srinivasa Nagar
- ▸Reserve: ₹51,16,000
- ▸EMD: ₹5,11,600
Auction snapshot
| Possession | Symbolic |
| Property type | Flat · Residential |
| Locality | Selaiyur, Srinivasa Nagar |
| Built-up / plot area | 8431 sq ft |
| Lender | Punjab National Bank |
| Branch | ARMB: Chennai |
| Unit / flat no. | Flat No.S1 |
| Building / society | DGM LS NAVEEN |
| Floor | Second Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹50,000 |
| Service provider | BAANKNET |
About this property
Flat bank auction in Selaiyur, Srinivasa Nagar, Chennai by Punjab National Bank — reserve price ₹51,16,000, 8431 sq ft, Symbolic possession.
Discover a prime bank auction property featuring a spacious residential flat along with multiple house sites in the sought-after Selaiyur area of Chennai, Tamil Nadu. This offering from Punjab National Bank includes Flat No.S1 in 'DGM LS NAVEEN' with a plinth area of 982 sq ft on the second floor, complemented by an undivided share of land of 508 sq ft. Additionally, the auction comprises four distinct house sites (Plot Nos. 21B, 21C Part II, and 21C Part I) in Srinivasa Nagar, Selaiyur Village, Tambaram Taluk, Kanchipuram District. The total combined area of this bank auction property is approximately 8431 sq ft, including the flat and land parcels. The total property has a reserve price of ₹5,116,000.00 and an EMD of ₹511,600.00. The e-auction is scheduled for June 23, 2026, from 11:00 AM to 4:00 PM. This is an excellent opportunity for investors and homebuyers seeking a comprehensive residential package near Chennai.
GeoSquare note: This property represents a strong investment opportunity, combining a residential flat and multiple substantial house plots in the well-regarded Selaiyur locality, close to Chennai. The attractive reserve price of ₹51.16 Lakhs for such a mixed asset makes it highly appealing. While the possession status is symbolic, the comprehensive nature of the offering, including significant land parcels, enhances its long-term value and development potential.
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