Land for auction 127 and 207 Secretariat Colony, Medavakkam, Chennai by SBI

The property is a piece of land located in Medavakkam, Chennai. Its address is Old Door No 127/1, 127/2, 127/3 and 127/4 and then Door Nos 89, 90, 91 & 92 and New Door Nos 201, 203, 205 and 207 Secretariat Colony, Seventh Street, Medavakkam, Chennai-600 010. The total extent of the land is 14 grounds and 2305 sq.ft, comprised in Old R.S No 3173/10 and Present R.S No 3173/212. The property is bounded on the North by Secretariat Colony Seventh Street, South by Present R.S No 3173/31, 17, 30 and 138, East by Present R.S No 3180/104,105, 106 and 107, and West by Secretariat Colony Sixth Street. The property falls within the Registration District of Central Chennai and Sub Registration District of Purasaiwakkam.

This is a SARFAESI Auction conducted by the State Bank of India for a piece of land located in Medavakkam, Chennai. The property is situated at Old Door No 127/1, 127/2, 127/3 and 127/4 and then Door Nos 89, 90, 91 & 92 and New Door Nos 201, 203, 205 and 207 Secretariat Colony, Seventh Street, Medavakkam, Chennai-600 010. The land measures 14 grounds and 2305 sq.ft. The property is owned by Shri Rahoul Jain (Late) and Smt Shuchi Jain. The property is on an equitable mortgage basis with a consortium of banks including State Bank of India, IDFC First Bank Ltd, DBS Bank India Ltd, IDBI Bank Ltd, Kotak Mahindra Bank Ltd, CITI Bank, RBL Bank Ltd, Doha Bank Q.P.S.C, Indian Bank, ICICI Bank Ltd and HDFC Bank Ltd. The reserve price is 3,56,00,000.00 and the EMD is 35,60,000.00. The auction will be held on 14-07-2025 from 11:00 AM to 04:00 PM.