Flat for Auction Velachery Chennai 68 Lakh by Indian Overseas Bank 24 Jun 2026
Velachery, Chennai
Area: 1145.0 Sq. Ft
Flat No.F-1, Plot No.99, VGP Selva Nagar, 3rd Main Road, Velachery Village, Velachery Taluk, Chennai District.
Indian Overseas Bank · REGIONAL OFFICE - CHENNAI
Reserve price
₹68,00,000
EMD ₹6,80,000
Auction date
24 Jun 2026, 11:00 AM
Auction notice
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Quick read
- ▸Possession: Physical
- ▸Area: 1145.0 Sq. Ft
- ▸Locality: Velachery
- ▸Reserve: ₹68,00,000
- ▸EMD: ₹6,80,000
Auction snapshot
| Possession | Physical |
| Property type | Flat · Residential |
| Locality | Velachery |
| Built-up / plot area | 1145.0 Sq. Ft |
| Lender | Indian Overseas Bank |
| Branch | REGIONAL OFFICE - CHENNAI |
| Unit / flat no. | Flat No.F-1 |
| Building / society | VGP Selva Nagar |
| Floor | First Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹1,00,000 |
| Service provider | BAANKNET |
About this property
Flat bank auction in Velachery, Chennai by Indian Overseas Bank — reserve price ₹68,00,000, 1145.0 Sq. Ft, Physical possession.
Seize a prime investment opportunity with this residential flat available through a bank auction. Located at Flat No.F-1, First Floor, in the well-regarded VGP Selva Nagar, 3rd Main Road, Velachery Village, Chennai, Tamil Nadu, this property offers a super built-up area of 1145 Sq. Ft. This spacious flat is ideally situated in Velachery, a sought-after locality in Chennai. The Indian Overseas Bank is conducting the e-auction on June 24, 2026, with a reserve price of ₹68,00,000. Potential buyers are required to submit an EMD of ₹6,80,000 by June 24, 2026. This bank auction property is offered with physical possession, ensuring a smooth transition for the new owner. Don't miss this chance to acquire a valuable residential flat in Chennai.
GeoSquare note: This residential flat in Velachery, Chennai, represents a prime investment due to its desirable location and physical possession status. With a super built-up area of 1145 Sq. Ft. and a competitive reserve price of ₹68,00,000, it offers excellent value. The clear physical possession makes it a less risky and highly attractive opportunity for immediate occupancy or rental income.
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