Plot for Auction Lakshmipuram 1st Cross Street Velachery Chennai 45 Lakh by Indian Bank
Lakshmipuram, 1st Cross Street, Velachery, Chennai
Area: 1200 Sq. ft.
Flat No.F2, in First Floor, Plots Nos. 1A & 1B, No.2, Lakshmipuram, 1st Cross Street, Velachery, Chennai-600 042.
Indian Bank · Regional office
Reserve price
₹45,00,000
EMD ₹4,50,000
Auction date
21 Jul 2026, 10:00 AM
Auction notice
Request the official notice — we share it after verification.
Bid form
Download bid form assistance via our team.
Quick read
- ▸Possession: Physical
- ▸Area: 1200 Sq. ft.
- ▸Locality: Lakshmipuram, 1st Cross Street, Velachery
- ▸Reserve: ₹45,00,000
- ▸EMD: ₹4,50,000
Auction snapshot
| Possession | Physical |
| Property type | Plot · Residential |
| Locality | Lakshmipuram, 1st Cross Street, Velachery |
| Built-up / plot area | 1200 Sq. ft. |
| Lender | Indian Bank |
| Branch | Regional office |
| Unit / flat no. | Flat No.F2, Plots Nos. 1A & 1B |
| Floor | First Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹10,000 |
| Service provider | BAANKNET |
About this property
Plot bank auction in Lakshmipuram, 1st Cross Street, Velachery, Chennai by Indian Bank — reserve price ₹45,00,000, 1200 Sq. ft., Physical possession.
Discover a prime residential opportunity with this bank auction property: Flat No. F2, located on the First Floor of Plots Nos. 1A & 1B at No.2, Lakshmipuram, 1st Cross Street, Velachery, Chennai-600 042. This spacious flat offers a total built-up area of 1200 Sq. ft., including common areas, and includes a 330 Sq. ft. undivided share of land from the larger 4500 Sq. ft. vacant plot. Situated in the sought-after Guindy Taluk, Chennai, this property is offered with physical possession and is free from known encumbrances. The e-auction is scheduled for July 21, 2026, with a reserve price of ₹45.00 Lakhs and an EMD of ₹4.50 Lakhs. This makes for an excellent investment opportunity in the thriving Chennai real estate market.
GeoSquare note: This residential flat in Velachery, Chennai, offers a strong investment appeal due to its prime location and clear physical possession status with no known encumbrances. The 1200 sq. ft. flat is reasonably priced at a reserve price of ₹45.00 Lakhs. Its accessible location and clear title make it a highly desirable asset for potential buyers.
Auction assistance
Guided support for notice review, EMD, and bid filing — most Maharashtra buyers choose a package. View detailed plans →
Basic Assistance
₹4,999
Document review, auction calendar alerts, and bid-form checklist.
Standard Assistance
₹14,999
Site visit coordination, legal summary, and end-to-end bid filing support.
Premium Selection
5% of reserve
We shortlist and acquire auction property on your behalf across Maharashtra.