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ResidentialUpcoming auctionVerified listing

Residential in Chennai

Chennai

Reserve price
₹2.84 Cr
Auction date
07 Mar 2026
10:30 AM
EMD deadline
26 Nov 2025
10:30 AM
Bid increment
₹3,00,000.00

Location details

Property Address
Residential villa No 12 Plot No G Ashraya villas Old No 17 New No 8-A Thandavaranyan Street (west) Pursawalakam Chennai 600007
City: Chennai
District: Chennai
State: Tamil Nadu
Pin Code: 600007
Country: India
Carpet Area: 3283 sq ft
Facing: West
Unit of Measure: square feet

Auction timeline

Auction starts
07 Mar 2026 at 10:30 AM
Auction ends
07 Mar 2026 at 12:30 PM
EMD submission deadline
26 Nov 2025 at 10:30 AM

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

Property overview

Type
Residential
Sub Type
Individual House
Area
3283 sq ft
(Carpet)
Possession Status
Symbolic
Type of Action
Under SARFAESI
Asset Type
Immovable
Ownership Type
Freehold
Title Deed Type
Registered Sale Deed
Property Price
₹3.15 Cr
Property Identifiers
Bank Property ID
IOBACHALLANI02
Collateral ID
T313474586

Property Images

Price history

3 previous auctions
₹3.2Cr26 Nov₹3.2Cr₹2.8CrNow 10.0% down
₹3,15,17,000.00
16 Feb 2026
Residential
Indian Overseas Bank logoIndian Overseas BankPossession: Symbolic
₹3,15,17,000.00
29 Dec 2025
Residential
Indian Overseas Bank logoIndian Overseas BankPossession: Symbolic
₹3,15,17,000.00
26 Nov 2025
Residential
Indian Overseas Bank logoIndian Overseas BankPossession: Symbolic

Borrower & Loan details

Borrower Name
CHALLANI RANKA JEWELLERY
Registered Address of Borrower
119, NSC Bose Road, First Floor, Sowcarpet, Chennai 600079
Owner
Sumathi A Challani
Ownership Type
Freehold
Title Deed
Registered Sale Deed
Asset Type
Immovable
Collateral ID
T313474586
Customer ID
671243
Demand Notice
Notice Date
05 Sept 2022
Possession Dates
Symbolic
10 Jan 2023

Additional details

Other Details
Residential villa 2064 sqft uds
Description
All that piece and parcel of Land and Building bearing Sub Division Plot No. G, Old Door No. 17, New Door No 8-A, New Thandavarayan Street(also known as Thandavarayan Street), Purasawalkam, Chennai – 600007, comprised in R.S Nos 1538/1, and 1542/1, Block No 25, Purasawalkam Village, Land measuring an extent of 1674 Sq Feet undivided share in 3340 Sq Feet of Plot No G and 390 Sq feet undivided share interest in the Road area, in all measuring 2064 Sq. Feet out of 11 Grounds and 1840 Sq Feet (as per patta 25117 sq ft), together with Villa No 12, Ground, First and Second Floors on Plot No G, along with rights to parking in car parking space, Bounded on the North by Poonam First Lane, South by New Thandavarayan Street, East by Mosque Street, West by T N Slum Clearance Board Quarters

EMD Schedule

EMD Start
19 Feb 2026
2:55 PM
EMD Deadline
07 Mar 2026
10:30 AM
Payment Deadline
26 Nov 2025

Officer Details

Authorized Officer
Vinuraj M P
Chief Manager

Auction Rules

Type of Action
Under SARFAESI
Bid Increment
₹3,00,000.00
Extension Increment
₹3,00,000.00
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
T313474586
Property ID
IOBACHALLANI02
Indian Overseas Bank logo
Indian Overseas Bank
Verified seller
Branch: ASSET RECOVERY MANAGEMENT BR.,CHENNAI-1535
IFSC: IOBA

Bank contact

+91 89259 51535
Branch Address
GROUND FLOOR, MAIN BUILDING, CENTRAL OFFICE, 763, ANNA SALAI, CHENNAI: 600 002
Branch IFSC
IOBA0000109
Department
ASSET RECOVERY MANAGEMENT BR.,CHENNAI-1535