A plot in Madambakkam, Tamil Nadu, listed by The Tamil Nadu Industrial Investment Corporation Limited under the SARFAESI Act, 2002.
Registration is open now. Reserve ₹19.44 L, EMD ₹1.95 L. Registration and EMD close 30 Nov 2026, 4:30 PM IST.
First seen · Source: The Tamil Nadu Industrial Investment Corporation listing on bankeauctions.com; lender’s sale documents
Compiled from The Tamil Nadu Industrial Investment Corporation Limited’s listing 245306 and its linked sale documents on bankeauctions.com, checked on 7 Nov 2026. BiddingPulse is independent research, not affiliated with the lender or bankeauctions.com; follow the lender’s registration and payment instructions. The sale follows the lender’s published process.
The reserve is ₹19,44,000, with an EMD of ₹1,95,000. The notice prints a reserve of ₹19,44,000 and an EMD of ₹1,95,000. The EMD is a stated figure, not exactly 10% of the reserve. The highest bid is subject to acceptance under the sale notice.
The property, dates, possession, participation requirements, payments and material risks in the linked sale documents, read on 7 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.
The Tamil Nadu Industrial Investment Corporation Limited is selling a plot in Madambakkam, Tamil Nadu. Its sale notice says the lender has taken symbolic 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 ₹19,44,000 and the notice EMD is ₹1,95,000. The notice prints a reserve of ₹19,44,000 and an EMD of ₹1,95,000. The EMD is a stated figure, not exactly 10% of the reserve. The online auction is scheduled for 2 Dec 2026, 11:00 AM–1:00 PM IST. See the bidding rules below for increments and extensions. Inspection is set for 26 Nov 2026, 11:00 AM–4:00 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.
| Stage | Date | What it means | Source |
|---|---|---|---|
| Sale notice dated | 5 Nov 2026 | The notice is undated; bankeauctions.com gives 5 November 2026 as its publication date. BiddingPulse first saw the listing on 6 November 2026. | Sale notice |
| Listing seen | 6 Nov 2026 | First seen on bankeauctions.com | Listing 245306 |
| Inspection | 26 Nov 2026, 11:00 AM–4:00 PM IST | The notice gives 26 November 2026, 11:00 AM–4:00 PM IST, for inspection. | Sale notice |
| Registration and EMD close | 30 Nov 2026, 4:30 PM IST | Register, pay the EMD and submit your opening offer (usually at least the reserve); bidding itself is in the online auction | Listing 245306 |
| Online auction | 2 Dec 2026, 11:00 AM–1:00 PM IST | See the bidding rules below for bid increments, extensions and any conflicting instructions. | Sale notice |
| Payment after acceptance | Notice-specific deadlines | Read the payment deadlines and conditions below; the lender’s documents set the dates. | Sale documents |
Read the requirements and risks from this lot’s sale documents, checked on 7 Nov 2026. Follow the lender’s originals and any later amendment before paying.
Vacant house plot No. 11 measuring 1,500 sq ft in S.C.C. Anthony Pillai Nagar, Phase VI, S.F. No. 120 (new S.F. No. 120/1A5), Madambakkam village, Sriperumbudur taluk (now Kundrathur taluk), Kancheepuram district, Tamil Nadu. A 20-foot road is on the north; Plots No. 14, 10 and 12 are on the south, east and west.
Personal names left out for privacy.
The reserve is ₹19,44,000 and the earnest-money deposit (EMD) is ₹1,95,000. The notice prints a reserve of ₹19,44,000 and an EMD of ₹1,95,000.
The EMD is a stated figure, not exactly 10% of the reserve. The published submission deadline is 30 Nov 2026, 4:30 PM IST.
The online auction is a separate event; follow the notice’s payment and document instructions.
Register online with the e-auction service provider on bankeauctions.com and upload the bid participation form with self-attested KYC copies: PAN card, address proof and identity proof. Pay the ₹1,95,000 EMD by online transfer to the Indian Bank account the notice names.
The bid form, KYC and EMD are due by 30 November 2026, 4:30 PM IST; the notice’s table says at TIIC’s Ambattur branch, Chennai 600058. Bidders must accept the e-auction terms before taking part.
The notice states no age, nationality or entity rules; registration alone does not establish eligibility.
The lender’s sale notice says it has taken symbolic possession: on paper, without moving anyone out. Arrange and confirm inspection with the authorised officer; see the auction and payment timeline for the full inspection note.
Symbolic possession can leave an occupant in place. Ask The Tamil Nadu Industrial Investment Corporation’s authorised officer before you pay the EMD.
The successful bidder deposits 25% of the sale price, after adjusting the EMD, before 4:30 PM on the next working day after the e-auction. The balance 75% is due on or before the fifteenth day of sale confirmation, or within a longer period TIIC agrees in writing.
Default forfeits the amount deposited and the property is re-auctioned. Unsuccessful bidders’ EMDs are refunded without interest; no refund date is given.
TIIC says it is not responsible for liabilities on the property that are not in its knowledge. The notice does not assign stamp duty or registration costs; ask TIIC before bidding.
TIIC’s authorised officer states that constructive (symbolic) possession has been taken. The notice calls the property a vacant house plot; check for occupation or encroachment when you inspect. TIIC evaluates the bids and its decision is final.
Bids must exceed the upset (reserve) price and rise by at least ₹10,000. Each bid in the last five minutes extends the auction by five minutes, without limit, so 1:00 PM is a scheduled end.
New to bank auctions? Risks, costs and checks before a bank auction — the full guide.
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 this property’s bankeauctions.com page, then View NIT. The public download works from the ordinary page session; it failed when opened without that session. Match reserve ₹19,44,000 and EMD ₹1,95,000.
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