Plot for auction 36 Saidapet, Chennai by Income Tax Department

This offering is for a prime residential plot situated in the well-connected area of Saidapet, Chennai, within the state of Tamil Nadu. Ideal for development or investment, the plot offers a significant opportunity in a sought-after urban location. Saidapet is known for its accessibility and established infrastructure, making it an attractive area for property owners and developers alike. The property is being auctioned by the Income Tax Department under SARFAESI Act provisions.

The Income Tax Department presents a SARFAESI Auction for a residential plot located in Saidapet, Chennai, Tamil Nadu. This is an opportunity to acquire a valuable asset with a reserve price of INR 1,74,50,000. The Earnest Money Deposit (EMD) required is INR 17,45,000. The auction will be conducted online on August 21, 2025, starting at 11:00 AM and concluding at 12:00 PM. This auction is being held due to the borrower, Shri. Mahendra Kumar Jain, defaulting on their loan obligations.