Land and Building for Auction Saidapet Chennai 49.5 Lakh by Canara Bank 10 Jul 2026
Saidapet, Chennai
Area: 750.0 sq.ft.
Flat No. 53, Second Floor, Lakshmi Nivasam, D.No.5,789, Vaaniyar Street, Saidapet, Chennai 600015.
Canara Bank · SPECIALIZED ARM BRANCH II CHENNAI
Reserve price
₹49,50,000
EMD ₹4,95,000
Auction date
10 Jul 2026, 11:30 AM
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Quick read
- ▸Possession: Symbolic / Physical
- ▸Area: 750.0 sq.ft.
- ▸Locality: Saidapet
- ▸Reserve: ₹49,50,000
- ▸EMD: ₹4,95,000
Auction snapshot
| Possession | Symbolic / Physical |
| Property type | Land And Building · Residential |
| Locality | Saidapet |
| Built-up / plot area | 750.0 sq.ft. |
| Lender | Canara Bank |
| Branch | SPECIALIZED ARM BRANCH II CHENNAI |
| Unit / flat no. | Flat No. 53 |
| Building / society | Lakshmi Nivasam |
| Floor | Second Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹25,000 |
| Service provider | BAANKNET |
About this property
Land And Building bank auction in Saidapet, Chennai by Canara Bank — reserve price ₹49,50,000, 750.0 sq.ft., Symbolic / Physical possession.
Discover a prime residential opportunity with this bank auction property from Canara Bank. A 750 sq.ft built-up area residential flat, Flat No. 53 on the Second Floor, is available in Lakshmi Nivasam, located on Vaaniyar Street, Saidapet, Chennai 600015. This property includes an undivided share of 311 sq.ft from the 1800 sq.ft land parcel (D.No.5,789). Situated in the sought-after Mambalam-Saidapet area, this property is offered with a reserve price of ₹49.50 Lakhs. The e-auction is scheduled for 10.07.2026. This Canara Bank auction property presents an excellent investment for homebuyers or investors looking for a residential flat for sale in Chennai. Contact Canara Bank for more details.
GeoSquare note: This residential flat in Saidapet, Chennai, offers a good investment opportunity due to its prime location and competitive reserve price of ₹49.50 Lakhs for a 750 sq.ft unit. The property includes an undivided share of land, enhancing its long-term value. With 'Symbolic / Physical' possession, it's a standard bank auction scenario for a promising asset in a desirable urban area.
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