Land for Auction Avadi Paruthipattu Village Poonamalle Taluk Tiruvallur 2.6 Crore by Tamilnad Mercantile Bank Limited 17 Jul 2026
Avadi, Paruthipattu Village, Poonamalle Taluk, Tiruvallur
Area: 9698.0 sq.ft.
Part-A: D.No.2, Gowripet Road, Avadi; Part-B: D. No.71, Nehru Bazaar Road, Avadi, situated at Gramanatham S.No.53, No. 25, Paruthipattu Village, Poonamalle Taluk, Tiruvallur Dist., Chennai - 600 054.
Tamilnad Mercantile Bank Limited · AVADI BRANCH
Reserve price
₹2,64,00,000
EMD ₹26,40,000
Auction date
17 Jul 2026, 12:00 PM
Auction notice
Request the official notice — we share it after verification.
Bid form
Download bid form assistance via our team.
Quick read
- ▸Possession: Symbolic
- ▸Area: 9698.0 sq.ft.
- ▸Locality: Avadi, Paruthipattu Village, Poonamalle Taluk
- ▸Reserve: ₹2,64,00,000
- ▸EMD: ₹26,40,000
Auction snapshot
| Possession | Symbolic |
| Property type | Land · Residential |
| Locality | Avadi, Paruthipattu Village, Poonamalle Taluk |
| Built-up / plot area | 9698.0 sq.ft. |
| Lender | Tamilnad Mercantile Bank Limited |
| Branch | AVADI BRANCH |
| Unit / flat no. | D.No.2 (Part-A), D.No.71 (Part-B) |
| Building / society | Commercial building |
| Floor | Ground Floor, First Floor, Second Floor, Third Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹10,000 |
| Service provider | drt.auctiontiger.net |
About this property
Land bank auction in Avadi, Paruthipattu Village, Poonamalle Taluk, Tiruvallur by Tamilnad Mercantile Bank Limited — reserve price ₹2,64,00,000, 9698.0 sq.ft., Symbolic possession.
Discover a significant investment opportunity with this bank auction featuring two jointly constructed commercial buildings on land parcels totaling 2387 sq.ft., offering an impressive 9698 sq.ft. of built-up area across multiple floors (Ground + 3 Floors). Located strategically on Gowripet Road and Nehru Bazaar Road in Avadi, Paruthipattu Village, Poonamalle Taluk, Tiruvallur District (near Chennai - 600054), this property boasts high commercial potential. Tamilnad Mercantile Bank Limited is auctioning this valuable asset with a reserve price of ₹2.64 Crores and an EMD of ₹26.4 Lakhs. The e-auction is scheduled for July 17, 2026, making it an excellent 'commercial shop for sale' or 'bank auction property' opportunity in a thriving urban area.
GeoSquare note: This property scores high due to its substantial built-up area of 9698 sq.ft. and strategic location in Avadi, a well-developed area near Chennai. The dual-frontage (Gowripet Road and Nehru Bazaar Road) enhances its commercial viability and visibility. While possession is symbolic, which is common for bank auctions, the competitive reserve price relative to its size and commercial utility presents a strong investment opportunity for businesses or investors looking for a significant commercial footprint.
Auction assistance
Guided support for notice review, EMD, and bid filing — most Maharashtra buyers choose a package. View detailed plans →
Basic Assistance
₹4,999
Document review, auction calendar alerts, and bid-form checklist.
Standard Assistance
₹14,999
Site visit coordination, legal summary, and end-to-end bid filing support.
Premium Selection
5% of reserve
We shortlist and acquire auction property on your behalf across Maharashtra.
Browse more auctions in Tiruvallur
Top areas
By property type
Top banks
Not in Tiruvallur? Browse auction & news alerts for other cities