1,200 sq feet House for Auction in Madurai – PNB

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

1,200 sq feet (≈ 1,200 sq ft)

Reserve price / sq ft

₹5,183

Locality

—

City

Madurai

State

Tamil Nadu

Pincode

625001

Address

Madurai, Tamil Nadu, 625001 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Punjab National Bank

Branch

ARMB TRICHY 832700

Auction type

SARFAESI Auction

Borrower

NITHYA E*****

Auction start

26 Nov 2026, 10:00 AM

Auction end

26 Nov 2026, 04:00 PM

EMD submission deadline

26 Nov 2026, 10:00 AM

Inspection

—

Authorised officer

SIDDHARTHAN C

Officer contact

9994187764

E-auction portal

BAANKNET (Property ID PUNBABA47513814)

Price Check

This listing's reserve price works out to ₹5,183 per sq ft. The average across residential bank auctions in Madurai on our site is ₹3,090 per sq ft, so this one is 68% 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 (BAANKNET (Property ID PUNBABA47513814)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 26 Nov 2026, 10:00 AM. It is refunded if you don't win.
5. Bid online on 26 Nov 2026 starting above the reserve price.
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.