Flat for auction Virugambakkam Chennai 1 Cr Indian Overseas Bank

A residential flat located in the well-established area of Virugambakkam, Chennai, Tamil Nadu. This property is being auctioned by Indian Overseas Bank under the SARFAESI Act. The flat offers a comfortable living space in a prime city location, with convenient access to essential amenities and transport links. Ideal for individuals or families seeking a home in a developed neighborhood. The auction presents a valuable opportunity to acquire a property in Chennai.

Indian Overseas Bank is conducting a SARFAESI auction for a residential flat in Virugambakkam, Chennai, Tamil Nadu. The auction will commence on 31-10-2025 at 11:00 AM and conclude at 03:00 PM on the same day. The reserve price for this property is INR 13,325,000, with an Earnest Money Deposit (EMD) of INR 1,332,500 required to participate. This is a legally mandated auction to recover dues from the borrower, Mr. M Suresh Kanna. Prospective bidders are advised to conduct their own due diligence regarding the property's condition and legal status.