House for Auction Ram Nagar Lic Colony Kannaki Street Selaiyur Village Chennai 55.5 Lakh by State Bank of India 18 Jul 2026
Ram Nagar, LIC Colony, Kannaki Street, Selaiyur Village, Chennai
Area: 3941.61 Square Feet
Flat No. S2, Plot Nos. 25A & 25B, D.No.21, VGK Dharika, Kannaki Street, Ram Nagar, LIC Colony, No. 33 Selaiyur Village, Tambaram Taluk, Chengalpattu District, Chennai-600059.
State Bank of India · Centralised Retail Asset Monitoring Cell (CRAMC)
Reserve price
₹55,46,223
EMD ₹5,54,700
Auction date
18 Jul 2026, 11:30 AM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 3941.61 Square Feet
- ▸Locality: Ram Nagar, LIC Colony, Kannaki Street, Selaiyur Village
- ▸Reserve: ₹55,46,223
- ▸EMD: ₹5,54,700
Auction snapshot
| Possession | Symbolic |
| Property type | House · Residential |
| Locality | Ram Nagar, LIC Colony, Kannaki Street, Selaiyur Village |
| Built-up / plot area | 3941.61 Square Feet |
| Lender | State Bank of India |
| Branch | Centralised Retail Asset Monitoring Cell (CRAMC) |
| Unit / flat no. | Flat No. S2, Plot Nos. 25A & 25B |
| Building / society | VGK DHARIKA |
| Floor | Second Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹50,000 |
| Service provider | BAANKNET |
About this property
House bank auction in Ram Nagar, LIC Colony, Kannaki Street, Selaiyur Village, Chennai by State Bank of India — reserve price ₹55,46,223, 3941.61 Square Feet, Symbolic possession.
Explore a promising residential bank auction property in Ram Nagar, LIC Colony, Tambaram, Chennai. This offering comprises two vacant house sites, Plot No. 25A (1,981.61 Sq Ft) and Plot No. 25B (1,960 Sq Ft), totaling 3,941.61 Square Feet. Additionally, it includes a proposed Second Floor Flat (S2) in 'VGK DHARIKA' with a super built-up area of 930 Sq Ft and an undivided land share of 417 Sq Ft. Situated in Selaiyur Village, this property offers significant investment potential. The reserve price is ₹55,46,223, with an EMD of ₹5,54,700. Property inspection is available on 2026-07-16, and the e-auction is scheduled for 2026-07-18. Secure a prime residential plot for sale and a proposed flat in a developing Chennai locality through this bank auction property.
GeoSquare note: This property offers strong investment potential due to its dual nature: vacant house sites and a proposed flat in a good residential locality like Tambaram, Chennai. Despite the symbolic possession, the clear encumbrance status and detailed planning permits add reliability. The combination of land and a future built-up area makes it suitable for both end-users looking to customize their home and investors seeking appreciation.
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