CommercialUpcoming auctionVerified listing
Commercial in Chennai
Chennai
Reserve price
₹19.85 Cr
Auction date
20 Mar 2026
11:00 AM
EMD deadline
29 Jan 2026
5:00 PM
Bid increment
₹1,00,000.00
Location details
Property Address
D.NO.68 & 68A, MEDAVAKKAM MAIN ROAD, BHARATH NAGAR, MADIPAKKAM, KEELAKATTALAI VILLAGE, TAMBARAM TALUK, CHENNAI-600091
City: Chennai
District: Chennai
State: Tamil Nadu
Pin Code: 600091
Country: India
Auction timeline
Auction starts
20 Mar 2026 at 11:00 AM
Auction ends
20 Mar 2026 at 4:00 PM
EMD submission deadline
29 Jan 2026 at 5:00 PM
EMD must be submitted before this time to be eligible to bid.
Property overview
Type
Commercial
Sub Type
Shops
Possession Status
Symbolic
Type of Action
Under SARFAESI
Asset Type
Immovable
Ownership Type
Freehold
Title Deed Type
Registered Sale Deed
Property Price
₹24.82 Cr
Property Identifiers
Bank Property ID
IOBA002280
Property Images
Price history
2 previous auctions₹22,33,67,273.00
20 Feb 2026
Commercial
Indian Overseas BankPossession: Symbolic₹24,81,85,859.00
29 Jan 2026
Commercial
Indian Overseas BankPossession: SymbolicBorrower & Loan details
Borrower Name
M/S SIVA TIMBERS
Registered Address of Borrower
REPRESENTED BY ITS PARTNERS, TUTICORIN-TIRUNELVELI MAIN ROAD, MILLERPURAM, TUTICORIN-628002
Owner
MR. ANANDA SIVAJI(LATE)
Co-Borrower(s)
R SUTHANANDAN(PARTNER),MR. S AJAY(PARTNER),MRS. NIRMALA SIVAJI(PARTNER)
Ownership Type
Freehold
Title Deed
Registered Sale Deed
Asset Type
Immovable
Demand Notice
Notice Date
05 Jan 2017
Notice Amount
₹7.73 Cr
Possession Dates
Symbolic
14 Jan 2019
Additional details
Description
LAND AND BUILDING TO AN EXTEND OF 53.09 CENTS SITUATED AT D. NOS.68 AND 68 a, MEDAVAKKAM MAIN ROAD, BHARATH NAGAR, MADIPAKKAM, CHENNAI-600091, COMPRISED IN S. NOS.267,267/9 AND 267/9B, T S. NO.119/1 IN BLOCK NO.22, WARD-H OF KEELAKATTALAI VILLAGE, PREVIOUSLY IN TAMBARAM TALUK, THEN ALANDUR TALUK AND PALLAVARAM TALUK, NOW MERGED TO TAMBARAM CITY MUNCIPAL CORPORATION(CHENNAI SOUTH), STANDING IN THE NAME OF MR. ANANDA SIVAJI . ALONGWITH THE BUILDING CONSTRUCTED THEREON HAVING BUILT-UP AREA OF G.F.6640 SQFT, F.F 5460 SQFT AND S.F 250 SQFT OR THEREABOUTS AND SITUATED WITHIN THE REGISTRATION DISTRICT OF CHENNAI SOUTH AND THE SUB-REGISTRATION DISTRICT OF PALLAVARAM.
EMD Schedule
EMD Start
27 Feb 2026
8:11 PM
EMD Deadline
19 Mar 2026
5:00 PM
Payment Deadline
29 Jan 2026
Inspection Schedule
Inspection Start
03 Mar 2026
10:00 AM
Inspection End
19 Mar 2026
5:00 PM
Officer Details
Authorized Officer
Rudra Pratap Singh
Chief Manager
Dealing Officer
S ANUGRAHA, BRANCH MANAGER
Auction Rules
Type of Action
Under SARFAESI
Bid Increment
₹1,00,000.00
Extension Increment
₹1,00,000.00
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
Property ID
IOBA002280
Property Images
Indian Overseas Bank
Verified seller
Branch: MELUR, TUTICORIN-1326
IFSC: IOBA
Bank contact
+91 89259 51326+91 89259 51326
Branch Address
3-C,BALAVINAYAGAR KOIL STREET NEAR CRUZ FDO STATUE TAMIL NADU628002Branch IFSC
IOBA0001326Department
MELUR, TUTICORIN-1326