Land and Building for Auction Madhuranthagam Chennai 94 Lakh by Indian Overseas Bank
Madhuranthagam, Chennai
Area: 3520 sq. ft.
Door No 7A, Pallipattu Narasimhachari Street (PN Chari Street), Madhuranthagam, Pin 603306
Indian Overseas Bank · Asset Recovery Management Branch
Reserve price
₹94,00,000
EMD ₹9,40,000
Auction date
23 Jul 2026, 10:30 AM
Auction notice
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Bid form
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Quick read
- ▸Possession: Constructive
- ▸Area: 3520 sq. ft.
- ▸Locality: Madhuranthagam
- ▸Reserve: ₹94,00,000
- ▸EMD: ₹9,40,000
Auction snapshot
| Possession | Constructive |
| Property type | Land And Building · Residential |
| Locality | Madhuranthagam |
| Built-up / plot area | 3520 sq. ft. |
| Lender | Indian Overseas Bank |
| Branch | Asset Recovery Management Branch |
| Unit / flat no. | Door No 7A |
| Building / society | Padmini Illam |
| Auction type | SARFAESI Auction |
| Bid increment | ₹1,00,000 |
| Service provider | BAANKNET |
About this property
Land And Building bank auction in Madhuranthagam, Chennai by Indian Overseas Bank — reserve price ₹94,00,000, 3520 sq. ft., Constructive possession.
Participate in the upcoming bank auction for a prime land and building property located at Door No 7A, Pallipattu Narasimhachari Street, Madhuranthagam, Chennai. This residential property spans 3520 sq. ft. and is being auctioned by Indian Overseas Bank. The reserve price is set at ₹94,00,000 with an EMD of ₹9,40,000. Ideal for investors and homebuyers, this property offers a strategic location in the Madhuranthagam region. The e-auction is scheduled for 23rd July 2026. Interested bidders can inspect the property before 22nd July 2026. Do not miss this opportunity to acquire a real estate asset through this transparent bank auction process. For more details, visit the official Indian Overseas Bank e-auction platform.
GeoSquare note: The property offers a decent size of 3520 sq. ft. in a well-established area of Madhuranthagam, Chennai. However, the possession status is constructive rather than physical, and the legal heir complications mentioned in the notice suggest a need for thorough due diligence. It is a fair investment option for those capable of handling legal clearance and possession proceedings.
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