Land for Auction Thyagaraya Nagar Chennai 14.7 Crore by Axis Bank 30 Jun 2026
Thyagaraya Nagar, Chennai
Area: 4892 sq. ft.
Door No. 23/9, Rameswaram Road, Thyagaraya Nagar, Chennai-600017
Axis Bank · Registered Office : Ahmedabad
Reserve price
₹14,72,50,120
EMD ₹1,47,25,012
Auction date
30 Jun 2026, 01:00 PM
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Quick read
- ▸Possession: Physical
- ▸Area: 4892 sq. ft.
- ▸Locality: Thyagaraya Nagar
- ▸Reserve: ₹14,72,50,120
- ▸EMD: ₹1,47,25,012
Auction snapshot
| Possession | Physical |
| Property type | Land · Residential |
| Locality | Thyagaraya Nagar |
| Built-up / plot area | 4892 sq. ft. |
| Lender | Axis Bank |
| Branch | Registered Office : Ahmedabad |
| Unit / flat no. | Door No. 23/9 |
| Auction type | SARFAESI Auction |
| Bid increment | ₹5,00,000 |
| Service provider | drt.auctiontiger.net |
About this property
Land bank auction in Thyagaraya Nagar, Chennai by Axis Bank — reserve price ₹14,72,50,120, 4892 sq. ft., Physical possession.
Discover a prime residential bank auction property for sale in the desirable Thyagarayar Nagar, Chennai. This house and land, bearing Door No. 23/9, Rameswaram Road, Chennai-600017, offers a substantial area of 4892 sq. ft. (2 Grounds and 92 Sq. ft.). Presented by Axis Bank, this property is under physical possession, making it an attractive investment. The e-auction is scheduled for June 30, 2026, from 01:00 PM to 04:00 PM, with a reserve price of ₹147,250,120.00 and an EMD of ₹14,725,012.00. Property inspection is available on June 20, 2026. This is an excellent opportunity to acquire a valuable residential asset in a prime Chennai locality through a transparent bank auction.
GeoSquare note: This property in Thyagarayar Nagar, Chennai, presents a strong investment opportunity due to its prime residential location and physical possession status. The substantial land area of 4892 sq. ft. with an existing house adds significant value. While a recovery proceeding (OA) is pending, the bank auction process is generally robust, mitigating much of this risk. The high reserve price is commensurate with the location and property type, making it a viable option for serious investors.
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