Plot for Auction Velachery Lakshmipuram Chennai 28.6 Lakh by Indian Bank
Velachery, Lakshmipuram, Chennai
Area: 762 Sq. ft.
Flat No.G2, Ground Floor, Plot Nos. 1A & 1B, No.2, Lakshmipuram, 1st Cross Street, Velachery Village, Mambalam, Guindy Taluk, Chennai District, Chennai-600 042.
Indian Bank · Regional office
Reserve price
₹28,60,000
EMD ₹2,86,000
Auction date
21 Jul 2026, 10:00 AM
Auction notice
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Quick read
- ▸Possession: Physical
- ▸Area: 762 Sq. ft.
- ▸Locality: Velachery, Lakshmipuram
- ▸Reserve: ₹28,60,000
- ▸EMD: ₹2,86,000
Auction snapshot
| Possession | Physical |
| Property type | Plot · Residential |
| Locality | Velachery, Lakshmipuram |
| Built-up / plot area | 762 Sq. ft. |
| Lender | Indian Bank |
| Branch | Regional office |
| Unit / flat no. | Flat No.G2, Plot Nos. 1A & 1B |
| Building / society | No.2, Lakshmipuram, 1st Cross Street |
| Floor | Ground Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹10,000 |
| Service provider | BAANKNET |
About this property
Plot bank auction in Velachery, Lakshmipuram, Chennai by Indian Bank — reserve price ₹28,60,000, 762 Sq. ft., Physical possession.
A 762 Sq. ft. Ground Floor Flat (No.G2) along with an undivided share of a 4500 Sq. ft. plot (No. 1A & 1B) at Lakshmipuram, Velachery, Chennai-600 042 is available for bank auction by Indian Bank. This prime residential property offers physical possession and is situated in the well-connected locality of Velachery, Guindy Taluk. The auction's reserve price is ₹28.60 Lakhs, with an EMD of ₹2.86 Lakhs and a bid increment of ₹10,000. The e-auction is scheduled for 2026-07-21 from 10:00 AM to 04:00 PM. Property inspection is available from 2026-07-16 to 2026-07-17. Don't miss this opportunity to acquire a valuable bank auction property in Chennai.
GeoSquare note: This property is a strong buy due to its prime residential location in Velachery, Chennai, offering a 762 sq. ft. flat with physical possession. The clear title (Nil encumbrances) and competitive reserve price of ₹28.60 Lakhs enhance its investment appeal. The auction details are clearly provided, facilitating a smooth bidding process.
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