Land for Auction T Nagar Chennai 14.7 Crore by Axis Bank 30 Jun 2026
T. Nagar, Chennai
Area: 6243 Sq. ft.
New Door No. 26 (Old door No. 27 and then 29) Ranganathan Street, T. Nagar, Chennai-600017
Axis Bank · Registered Office : Ahmedabad
Reserve price
₹14,72,50,000
EMD ₹1,47,25,000
Auction date
30 Jun 2026, 01:00 PM
Auction notice
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Quick read
- ▸Possession: Physical
- ▸Area: 6243 Sq. ft.
- ▸Locality: T. Nagar
- ▸Reserve: ₹14,72,50,000
- ▸EMD: ₹1,47,25,000
Auction snapshot
| Possession | Physical |
| Property type | Land · Residential |
| Locality | T. Nagar |
| Built-up / plot area | 6243 Sq. ft. |
| Lender | Axis Bank |
| Branch | Registered Office : Ahmedabad |
| Unit / flat no. | New Door No. 26 (Building), Shop No. 26/1/5 (Shop) |
| Building / society | Shanthi Complex |
| Floor | Ground Floor (for the shop) |
| Auction type | SARFAESI Auction |
| Bid increment | ₹5,00,000 |
| Service provider | drt.auctiontiger.net |
About this property
Land bank auction in T. Nagar, Chennai by Axis Bank — reserve price ₹14,72,50,000, 6243 Sq. ft., Physical possession.
Discover a prime commercial bank auction property in the vibrant T. Nagar, Chennai. This valuable asset, offered by Axis Bank, comprises a land parcel measuring 6243 sq. ft., featuring a building and a ground-floor shop (New Door No. 26/1/5) within the well-known 'Shanthi Complex' on Ranganathan Street. With physical possession taken as of December 2025 and offered on 'as is where is' basis, this property holds significant investment potential. The e-auction is scheduled for June 30, 2026, with an attractive reserve price of ₹14.72 Crores and an EMD of ₹1.47 Crores. Property inspection is available on June 20, 2026. This is an excellent opportunity for investors seeking commercial assets in a high-demand area of Chennai South.
GeoSquare note: This property stands out as a prime investment due to its strategic location in T. Nagar, a highly sought-after commercial hub in Chennai. The physical possession status ensures a streamlined acquisition process for buyers. Despite a disclosed pending Original Application, the property's type (land with building and a commercial shop) and its established 'Shanthi Complex' identity offer substantial potential for capital appreciation and rental income, making it a strong buy.
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