Land And Building for auction Saidapet Chennai 2 Cr Income Tax Department

Property for Auction in Saidapet, Chennai, Tamil Nadu

Recommendation
Calculated OpportunityScore: 6.8
Size
1279 Sq.ft
Reserve Price
1,74,50,000
Reserve Price
1,74,50,000
EMD Required
1,00,000
Property Specifications
Society/BuildingHarrington Chamber
Size1279 Sq.ft
FloorII Floor
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Land And Building
Location IconLocation:
Saidapet, Chennai
Auction Date IconAuction Date:
28-11-2025 11:00 AM

Auction Details

Recommendation:Calculated OpportunityScore: 6.8

Auction ID:612165

Bank Name:Income Tax Department

Branch Name:chennai

Reserve Price:1,74,50,000

EMD:1,00,000

Auction Time:11:00 AM

Service Provider:Public Auction

Important Dates

Submission Date:27-11-2025 05:00 PM

Bid Start Date:2025-11-28

Property Description

This offering presents a unique opportunity to acquire a land and building property in the well-established area of Saidapet, Chennai, Tamil Nadu. Previously owned by Shri. Mahendra Kumar Jain, this asset falls under the residential category. The property is part of a SARFAESI auction conducted by the Income Tax Department. Its strategic location in Chennai provides potential for both residential use and investment growth. Don't miss the chance to bid on this significant property.

State:Tamil Nadu

City:Chennai

Area:Saidapet

Asset Category:Residential

Full Address:Harrington Chamber, Harrington Chamber, II Floor, Block B, Abdul Razak Street, Saidapet, Saidapet, Chennai

Building/Society:Harrington Chamber

Size:1279 Sq.ft

Auction Description

The Income Tax Department is conducting a SARFAESI auction for a valuable land and building property in Saidapet, Chennai. The auction will commence on November 28, 2025, at 11:00 AM and conclude at 01:00 PM on the same day. The reserve price for this auction is set at ₹1,74,50,000, with an Earnest Money Deposit (EMD) of ₹17,45,000 required to participate. This is a prime opportunity for discerning investors and buyers looking to acquire a property in a desirable Chennai location. Ensure you are registered and ready to bid.

Borrower Name:Shri.Mahendra Kumar Jain

Auction Type:SARFAESI Auction

Guarantor Names:Smt.Madhubala Jain

Legal Details

Encumbrance Details:Not Known to Bank

Why This Property

The property, a land and building in Saidapet, Chennai, presents a calculated investment opportunity. The location is reasonably prime, but the lack of clarity on encumbrances and possession status introduces some risk. Given the reserve price and potential for appreciation, further due diligence is advised before bidding.

Contact Details

Branch:Branch Office : chennai

Service Provider:Public Auction

Contact Details:

V.Gnanamurugalaxmi

Contact no: —

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