BanksAuctions.com logo

anksAuctions.com

CommercialUpcoming auctionVerified listing

Commercial in Redhills

Redhills, Chennai

Reserve price
₹12.83 Cr
Auction date
13 Feb 2026
11:00 AM
EMD deadline
10 Nov 2025
3:00 PM
Bid increment
₹5,00,000.00

Auction timeline

Auction starts
13 Feb 2026 at 11:00 AM
Auction ends
13 Feb 2026 at 4:00 PM
EMD submission deadline
10 Nov 2025 at 3:00 PM

EMD must be submitted before this time to be eligible to bid.

Property overview

Type
Commercial
Sub Type
Plot
Possession Status
Physical
Type of Action
Under SARFAESI
Asset Type
Immovable
Ownership Type
Freehold
Title Deed Type
Registered Sale Deed
Property Price
₹13.50 Cr
Property Identifiers
Bank Property ID
SBIN04105starITEMC
CERSAI ID
200050224979
Collateral ID
78226739412

Location details

Property Address
No 477 & 479 ,SAMIYAR MADAM Road, Thandalkalani,Chennai
Locality: Redhills
City: Chennai
District: Chennai
State: Tamil Nadu
Pin Code: 600052
Country: India
Nearest Airport / Railway Station / Bus Stand
Near Redhill bus stop and Madhavaram Mofusil Bus stand

Price history

3 previous auctions
₹13.5Cr10 Nov₹13.5Cr₹12.8CrNow 5.0% down
₹13,50,00,000.00
8 Jan 2026
Commercial
State Bank of IndiaPossession: Physical
₹13,50,00,000.00
24 Dec 2025
Commercial
State Bank of IndiaPossession: Physical
₹13,50,00,000.00
10 Nov 2025
Commercial
State Bank of IndiaPossession: Physical

Borrower & Loan details

Borrower Name
STAR TRACE P LTD
Registered Address of Borrower
No 7, Jeevanandham St,Naravarikuppam, Redhills, Chennai
Owner
Parthiban Rasu and Maheshwaran
Ownership of Property
Guarantor Cum Mortgagor
NPA Amount
₹35.37 Cr
NPA Date
27 Oct 2021
Ownership Type
Freehold
Title Deed
Registered Sale Deed
Asset Type
Immovable
Collateral ID
78226739412
Customer ID
85057081562
Demand Notice
Notice Date
27 Jan 2022
Notice Amount
₹25.54 Cr
Asset Classification
Classification Date
27 Oct 2023
Classification ID
4
Possession Dates
Physical
12 Jun 2025

Additional details

Property USP
This property is situated on Road near to JJ Paradise Marriage Hall. This property is suitable for Rice Mills, Godowns or any industries. The property is accessible easily and is very near to Madhavaram Mofusil bus stand.
Description
1. All that piece and parcel of land in Thandalkani village, New Door No.478 & 479 (Old Door No.2/87), New survey no 31/3, 31/2B, 23A/5A1, 24/4 Registration District of Chennai North, Redhills Sub Registration district measuring an extent of 97.5 cents land with rice mill, machines and EB connections belonging to Mr. K Parthiban Rasu. 2.2. All that Piece and parcel of land in Registration District of Chennai North. Sub Registration District of Redhllls, Thiruvallur District, No.36. Thandalkalani Village, Survey N0.31/1B1C1, as per Patta 358 New Survey No,31/1B1C1B as per Patta No.2404 New Survey No.31/7, measuring Acre 0.46 Cents with 700 Sq.ft., Cement Sheet Building with EB Connection deposit, and as per Patta No.2405, Survey No.31/2A measuring Acre 0.02 Cents, Survey No.31/1B2A measuring Acre 0.05 Cents, Survey N0.31/1B2B measuring Acre 0.05 Cents, Survey No.24/2B measuring Acre 0.02 ½ Cents, totally measuring Ac.0.60 ½ cents, New Survey No.31/7 belonging to Mr. P R Maheswaran

EMD Schedule

EMD Start
28 Jan 2026
11:53 AM
EMD Deadline
13 Feb 2026
3:00 PM
Payment Deadline
10 Nov 2025

Inspection Schedule

Inspection Start
02 Feb 2026
11:00 AM
Inspection End
02 Feb 2026
3:00 PM

Officer Details

Authorized Officer
B SINDU
AGM 1
Dealing Officer
VAISHNAVI S

Auction Rules

Type of Action
Under SARFAESI
Bid Increment
₹5,00,000.00
Extension Increment
₹5,00,000.00
Auto Extension
Enabled
Extension Trigger
Last 10 minutes
Extension Duration
10 minutes
First Bid Acceptance
Yes

Ownership & Legal

Ownership Type
Freehold
Title Deed Type
Registered Sale Deed
Asset Type
Immovable
Collateral ID
78226739412
CERSAI ID
200050224979
Property ID
SBIN04105starITEMC

Nearby Amenities

Nearest Station
Near Redhill bus stop and Madhavaram Mofusil Bus stand
State Bank of India
Verified seller
Branch: SAMB CHENNAI-04105
IFSC: SBIN

Bank contact

+91 94806 92175+91 99529 94234
Branch Address
RED CROSS BUILDING 32 RED CROSS ROAD EGMORE, CHENNAI
Branch IFSC
SBIN0000878
Department
SAMB CHENNAI-04105