Land for Auction West Mambalam Chennai 1.7 Crore by Indian Overseas Bank 30 Jun 2026
West Mambalam, Chennai
Area: 1457 Sq.ft.
Flat No. S-1, 2nd Floor, New Door No. 18 (Old Door No. 26), South K.R. Koil Street (Kothandaraman Kovil Street South), West Mambalam, Chennai-600033
Indian Overseas Bank · REGIONAL OFFICE : Kancheepuram
Reserve price
₹1,74,22,300
EMD ₹17,42,230
Auction date
30 Jun 2026, 11:00 AM
Auction notice
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Quick read
- ▸Possession: Symbolic
- ▸Area: 1457 Sq.ft.
- ▸Locality: West Mambalam
- ▸Reserve: ₹1,74,22,300
- ▸EMD: ₹17,42,230
Auction snapshot
| Possession | Symbolic |
| Property type | Land · Residential |
| Locality | West Mambalam |
| Built-up / plot area | 1457 Sq.ft. |
| Lender | Indian Overseas Bank |
| Branch | REGIONAL OFFICE : Kancheepuram |
| Unit / flat no. | Flat No. S-1 |
| Floor | Second floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹1,00,000 |
| Service provider | BAANKNET |
About this property
Land bank auction in West Mambalam, Chennai by Indian Overseas Bank — reserve price ₹1,74,22,300, 1457 Sq.ft., Symbolic possession.
Discover a prime bank auction property: a spacious 1457 Sq.ft. residential flat (Flat No. S-1, Second Floor) for sale, located on South K.R. Koil Street, West Mambalam, Chennai-600033. This valuable asset also includes a 600 Sq.ft. undivided share of land out of a larger 1800 Sq.ft. plot, offering an excellent investment opportunity in a highly sought-after Chennai locality. Offered by Indian Overseas Bank, the e-auction is scheduled for June 30, 2026, with a reserve price of ₹17,422,300. Property inspections are available from June 25-30, 2026. Secure your chance to own a desirable residential property through this bank auction in Chennai.
GeoSquare note: This property is a strong buy due to its excellent location in West Mambalam, Chennai, a highly sought-after residential area. The combination of a spacious 1457 sq.ft flat and an undivided land share adds significant value. While possession is symbolic ('As is where is'), the attractive reserve price of ₹17,422,300 presents a compelling investment opportunity for buyers looking for residential property in Chennai.
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