Land and Building for Auction Venkatapuram Ambattur Tiruvallur 15 Crore by Indian Overseas Bank 24 Jun 2026
Venkatapuram, Ambattur, Tiruvallur
Area: 14824 Sq.Ft.
Door No.253, Plot No.176, MTH Road, Venkatapuram, Ambattur, Chennai-600053
Indian Overseas Bank · REGIONAL OFFICE - CHENNAI
Reserve price
₹15,00,00,000
EMD ₹1,50,00,000
Auction date
24 Jun 2026, 11:00 AM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 14824 Sq.Ft.
- ▸Locality: Venkatapuram, Ambattur
- ▸Reserve: ₹15,00,00,000
- ▸EMD: ₹1,50,00,000
Auction snapshot
| Possession | Symbolic |
| Property type | Land And Building · Residential |
| Locality | Venkatapuram, Ambattur |
| Built-up / plot area | 14824 Sq.Ft. |
| Lender | Indian Overseas Bank |
| Branch | REGIONAL OFFICE - CHENNAI |
| Unit / flat no. | Plot No.176, Door No.253 |
| Auction type | SARFAESI Auction |
| Bid increment | ₹5,00,000 |
| Service provider | BAANKNET |
About this property
Land And Building bank auction in Venkatapuram, Ambattur, Tiruvallur by Indian Overseas Bank — reserve price ₹15,00,00,000, 14824 Sq.Ft., Symbolic possession.
Invest in a prime bank auction property in Ambattur, Chennai. This extensive land and building property, spanning 14824 sq. ft. across two items, is located at Door No.253, Plot No.176, MTH Road, Venkatapuram, Ambattur, Chennai-600053. The lot includes a vacant land with a dilapidated structure (12674 sq.ft.) and a land with an existing building (2150 sq.ft.). Offered by Indian Overseas Bank with a reserve price of ₹15,00,00,000, this is a significant opportunity for developers or investors seeking a large plot for commercial or residential redevelopment in a well-connected Chennai locality. EMD is ₹1,50,00,000. The e-auction is scheduled for 2026-06-24 from 11:00 AM to 03:00 PM. Possession is symbolic, and encumbrances are not known to the bank. Don't miss this chance to acquire a valuable asset in Tamil Nadu.
GeoSquare note: This property in Venkatapuram, Ambattur, Chennai, presents a strong investment opportunity due to its substantial land area (14824 sq. ft.) in a developing urban locale. Although it involves a dilapidated structure and symbolic possession, the sheer size and location near MTH Road offer high potential for redevelopment. The reserve price is significant, aligning with Chennai's real estate values, making it attractive for large-scale investors or developers.
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