Investigations are underway to find out who owns the money and where the money was being taken.
Raids are being carried out across the country by the Income Tax Department in the wake of the burgeoning fake currency racket post demonetisation.
Chennai has already been in the news because of Tamil Nadu Chief Secretary P Rama Mohana Rao.
The Income Tax department on Wednesday searched 11 locations linked to Tamil Nadu Chief Secretary P Rama Mohana Rao, including his official chamber and residence, besides those of his son, and claimed to have seized Rs 30 lakh in new currency and five kg gold.
The searches followed the recent seizure of Rs 135 crore cash and 177 kg of gold from sand mining baron Shekar Reddy and his associate Srinivasulu, the largest since the Modi government announced demonetisation of Rs 500 and Rs 1000 currency notes.
Reddy was removed as member of the Tirumala Tirupathi Devasthanam (TTD) Board by the Andhra Pradesh government after IT action against him on December 9.
According to IT sources, on Wednesday, undisclosed income of Rs 115 crore was detected by the IT department which issued 200 notices for verification of suspicious high value cash deposits.
IT Deparment had taken intrusive action against 57 individuals yesterday.These include surveys,searches under various provisions of IT act.
These actions led to seizure of valuables (cash&jewellery ) of Rs 72 crore. Out of which, Rs 6 crores was in new currency notes.
(With inputs from agencies)