Land for Auction Raja Annamalaipuram Mylapore Chennai 16.5 Lakh by Asset Reconstruction Company India Ltd Arcil 20 Jul 2026
Raja Annamalaipuram, Mylapore, Chennai
Area: 1550 sq. ft.
Municipal Door No. 102 (Old No. 71&72) in Santhome High Road, Raja Annamalaipuram, Chennai 600 028
Asset Reconstruction Company (India) Ltd. (Arcil) · Dadar West, Mumbai
Reserve price
₹16,50,000
EMD ₹1,65,000
Auction date
20 Jul 2026, 12:30 PM
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Quick read
- ▸Possession: Physical
- ▸Area: 1550 sq. ft.
- ▸Locality: Raja Annamalaipuram, Mylapore
- ▸Reserve: ₹16,50,000
- ▸EMD: ₹1,65,000
Auction snapshot
| Possession | Physical |
| Property type | Land · Residential |
| Locality | Raja Annamalaipuram, Mylapore |
| Built-up / plot area | 1550 sq. ft. |
| Lender | Asset Reconstruction Company (India) Ltd. (Arcil) |
| Branch | Dadar West, Mumbai |
| Unit / flat no. | Unit No. 3-A |
| Building / society | Ocean Court |
| Floor | Third Floor |
| Auction type | SARFAESI Auction |
| Service provider | Public Auction |
About this property
Land bank auction in Raja Annamalaipuram, Mylapore, Chennai by Asset Reconstruction Company (India) Ltd. (Arcil) — reserve price ₹16,50,000, 1550 sq. ft., Physical possession.
Discover a bank auction property offering a prime commercial unit for sale in the sought-after Mylapore area of Chennai. Located on Santhome High Road, Raja Annamalaipuram, this third-floor Unit No. 3-A within the prestigious 'Ocean Court' building boasts a built-up area of 1550 sq. ft. This unique opportunity includes a 610 sq. ft. undivided share in the land and comes with one open car park space. With a highly attractive reserve price of ₹16.50 lakhs and physical possession, this property is a compelling investment. The e-auction is scheduled for July 20, 2026, offering a rare chance to acquire a commercial asset in a prominent Chennai location.
GeoSquare note: This property scores high as a prime investment due to its excellent location on Santhome High Road in Mylapore, Chennai, a highly desirable commercial hub. The physical possession and 'Nil' encumbrance status significantly reduce investment risk. With a built-up area of 1550 sq. ft. and an undivided land share, the reserve price of ₹16.50 lakhs appears exceptionally attractive, making it a strong potential for significant capital appreciation. The combination of location, clear legal status, and compelling pricing makes this a highly recommended buy.
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