1,376 sq ft Land for Auction in Madurai – SIB

Property Details

Property type

Land (Land & Agricultural)

Possession

Physical Possession

Area

1,376 sq ft

Reserve price / sq ft

₹5,750

Locality

—

City

Madurai

State

Tamil Nadu

Address

Description of property: All that part and parcel of land admeasuring 1376 sq ft along with all constructions, Improvements, easementary rights existing and appurtenant thereon situated in Old Survey. No. 68/2A & Re Survey No. 68/2A2 of Viraganur Village, Madurai South Taluk, Madurai District and owned by Mr. R Balasubramanian, more fully described in Registered Sale Deed No. 5660/2019 dated 20-06-2019 of 1st Joint SRO, Madurai South and bounded on, North: Property belongs to Venkatesh, East: Ring Road, South: Property belongs to Karuppasamy Nadar, West: Property belongs to Jeyapaul & Durai. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Madurai Anna Nagar Branch

Auction type

SARFAESI Auction

Borrower

Mr. B***** R

Auction start

10 Dec 2026

Auction end

10 Dec 2026, 03:00 PM

EMD submission deadline

09 Dec 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 470743

Price Check

This listing's reserve price works out to ₹5,750 per sq ft. The average across land & agricultural bank auctions in Madurai on our site is ₹3,494 per sq ft, so this one is 65% above that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (AuctionTiger · Auction ID 470743), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹7,91,200 before 09 Dec 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 10 Dec 2026 starting above the reserve price, in multiples of ₹50,000.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.