FlatReserve ₹39.10 LRegister and pay the EMD by 12 Nov 2026
First seen · Source: Axis Bank’s official sale notice
Key facts Axis Bank auction of a 2nd floor flat in Maduravoyal, Chennai
Lender
Axis Bank
Status
Registration open
Property
Flat A
Address
Flat A, 2nd floor, Old Plot 16, new Plot 263, Ashtalakshmi Nagar 9th Street, Chakrapani Nagar, Maduravoyal, Chennai, Tamil Nadu
Floor
2nd floor
Published area
948 sq ftbuilt-up; 1/10 undivided share
Possession
Physical
Sold under
SARFAESI Act, 2002
Online auction
13 Nov 2026, 11:00 AM–12:00 PM IST
Registration and EMD close
12 Nov 2026, 5:00 PM IST
Reserve price
₹39,10,000
Bidding
See the bidding rules below for increments and extensions
Inspection
The notice gives this inspection window and permits another date by prior appointment. Arrange access with Axis; the dated appointment does not itself guarantee access.
Earnest money (EMD)
₹3,91,000, 10% of the reserve
Official source
Axis Bank’s official sale notice
Last verified
3 Nov 2026
Compiled from Axis Bank’s official sale notice, checked on 3 Nov 2026. BiddingPulse is independent research, not affiliated with the lender or augeo.samil.in; follow the lender’s registration and payment instructions. The sale follows the lender’s published process.
On the numbers
What the “₹39.10 L reserve” means
What Axis Bank’s sale documents say
The reserve is ₹39,10,000, with an EMD of ₹3,91,000. The published submission deadline is 12 Nov 2026, 5:00 PM IST. The highest bid is subject to acceptance under the sale notice.
What BiddingPulse covers
The property, dates, possession, participation requirements, payments and material risks in the linked sale documents, read on 3 Nov 2026. Any conflict or missing detail is identified below. This is not a title or occupancy verification. Names of borrowers and other people are left out.
Auction summary
Source: Axis Bank’s official sale notice
Axis Bank is selling a 2nd floor flat in Maduravoyal, Chennai, Tamil Nadu. Its sale notice says the lender has taken physical possession. The property is security for a loan, and the lender is selling it under the SARFAESI Act, 2002, which lets a lender sell a defaulted loan’s security without going to court.
The reserve is ₹39,10,000 and the notice EMD is ₹3,91,000. Submission closes 12 Nov 2026, 5:00 PM IST. The online auction is scheduled for 13 Nov 2026, 11:00 AM–12:00 PM IST. See the bidding rules below for increments and extensions. Inspection was set for 1 Nov 2026, 3:00 PM–5:00 PM IST.
Use the official listing below to read the sale notice, register, pay the EMD and bid. Check every figure here against it first.
Auction & payment timeline
Source: Axis Bank’s official sale notice; SARFAESI sale rules
Stage
Date
What it means
Source
Sale notice dated
26 Oct 2026
The date printed in the lender’s sale notice. The date this page first covered it is shown separately.
Sale notice
Inspection
1 Nov 2026, 3:00 PM–5:00 PM IST
The notice gives this inspection window and permits another date by prior appointment. Arrange access with Axis; the dated appointment does not itself guarantee access.
Sale notice
Listing seen
3 Nov 2026
First seen in the bank’s sale notices
Bank sale notice
Registration and EMD close
12 Nov 2026, 5:00 PM IST
Register, pay the EMD and submit your opening offer (usually at least the reserve); bidding itself is in the online auction
Bank sale notice
Online auction
13 Nov 2026, 11:00 AM–12:00 PM IST
See the bidding rules below for bid increments, extensions and any conflicting instructions.
Read the requirements and risks from this lot’s sale documents, checked on 3 Nov 2026. Follow the lender’s originals and any later amendment before paying.
Sale documents
What exactly is being sold?
Flat A, second floor, 948 sq ftbuilt-up area, Ashtalakshmi Nagar 9th Street, Chakrapani Nagar, Maduravoyal, Chennai, Tamil Nadu. A 1/10 undivided share is offered, but Schedule C refers back to Schedule C for its base; the share’s land area is unresolved.
Schedule A is old Plot 16, new Plot 263, Survey 346, 4.91 cents / 2,145 sq ft, with north road and west Survey 352/1. Its north–south sides are 60 ft each; east–west north 43 ft 6 in and south 28 ft.
Schedule B is 1,048 sq ft, with north–south sides 41 ft 1½ in and east–west sides 25 ft 6 in. Those parent/schedule extents are not added to the flat or treated as exclusive land.
Property tax 11-147-16405-000; electricity service 09-402-007-227.
Schedule C’s self-reference leaves the base of the 1/10 land share unclear. The 948 sq ftbuilt-up flat is distinct from the 2,145 and 1,048 sq ft land schedules.
Personal names left out for privacy.
What are the reserve price and EMD for this flat?
The reserve is ₹39,10,000 and the earnest-money deposit (EMD) is ₹3,91,000. The published submission deadline is 12 Nov 2026, 5:00 PM IST. The online auction is a separate event; follow the notice’s payment and document instructions.
Who can bid for this flat, and how do I register?
Submit the complete offer, EMD by demand draft or pay order, a participation request, self-attested identity and address proof, PAN, a valid email address and contact details by 12 November 2026, 5:00 PM IST.
The schedule names Legal Team, second floor, Door 31 (old 14), South Mada Street, Mylapore, Chennai 600004 as the receiving office. The bid form costs ₹250.
The instrument is payable at Chennai; confirm the exact payee wording in the bank’s original. Axis checks eligibility and PAN before platform credentials are issued.
Registration or an EMD payment alone does not establish eligibility; any property-specific transfer/use restriction must be confirmed with the authorised officer.
Does the bank have possession, and can I inspect it?
The lender’s sale notice says it has taken physical possession. The notice gives this inspection window and permits another date by prior appointment. Arrange access with Axis; the dated appointment does not itself guarantee access. Ask Axis Bank’s authorised officer before you pay the EMD.
What do I pay if my bid is accepted?
Pay 25% of the accepted bid, including EMD, no later than the next working day after bid confirmation. Pay the remaining 75% within 15 days of sale confirmation.
Default can forfeit the EMD or all amounts paid, lead to resale and make the defaulting buyer liable for resale costs. Unsuccessful EMD is to be returned within seven working days after auction, without interest; the notice excludes interest even if repayment is delayed.
The notice requires the 25% payment by demand draft payable at Chennai.
What other charges or claims could I face?
The buyer must ascertain and bear property tax, maintenance, electricity, water/service and other statutory or local dues, and pay stamp duty, registration, transfer fees and applicable taxes. The notice’s statement about known encumbrances is not an independent title or no-dues certificate.
What are the withdrawal, payment and sale risks?
The sale is on an as-is basis without recourse. Inspect title, dimensions, access, occupancy and local transfer/use permissions before bidding.
The bank does not obtain permissions for the buyer; bids cannot be withdrawn after acceptance, and the sale remains subject to bank confirmation. The bank may amend, postpone, cancel or reject offers.
Physical possession stated by the bank is not a guarantee of vacant delivery.
What are the bidding rules?
The schedule names augeo.samil.in. Bids increase by ₹10,000; late bids extend the scheduled close in five-minute periods without a stated limit. The notice requires bids above reserve, although another clause says the property cannot be sold below reserve.
Check the latest notice and any amendments before paying. Follow the registration, payment and bidding instructions above and in the lender’s documents. BiddingPulse accepts no registrations, deposits or bids.
Open Axis Bank’s auction notice index and locate the notice for Flat A in Chennai, with the auction on 13 November 2026 and reserve ₹39,10,000. Match the full property address and sale terms shown here before paying.