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House SARFAESI Auction Symbolic Possession

680 sq feet House for Auction in Melur, Madurai – BOM

Melur, Madurai, Tamil Nadu · Auction ID #111290

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House for auction in Melur, Madurai – BOM – photo 1
Reserve Price ₹14,67,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 18 Nov 2026, 01:00 PM In 4 days
EMD Last Date 18 Nov 2026, 12:00 PM In 4 days
Area680 sq feet
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Property Details

Property type
House (Residential)
Possession
Symbolic Possession
Area
680 sq feet (≈ 680 sq ft)
Reserve price / sq ft
₹2,157
Locality
Melur
Pincode
625106
Address
Melur, Tamil Nadu, 625106 View on map

Description (as per sale notice)

In Madurai District, Madurai North Registration District, Melur Sub-D, Keelavalavu Village, Natham house site corresponding to R.S.No.133/2 as per Subdivision S.No. 133/2A new S.No.515/41 for an extent 0.00.63.0 Hectare i.e., 1.56 cents land and bounded on:- North: Muniyammal house, East: Alagumeenal House site, South Krishnan House, West: Cement Road MEASURING:- East West on Northern side 37.0 feet; East West on Southern side 32.0 feet; North South on Eastern side 19.5 feet; North South on Western side 19.5 feet; Admeasuring for an extent 680 Sq.ft., house site.

BAANKNET Property ID: MAHBANBUSELVAM
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Bank & Auction Details

Bank / Lender
Bank of Maharashtra
Branch
MADURAI-DINDIGUL ROAD
Auction type
SARFAESI Auction
Borrower
ANBUSELVAM
Auction start
18 Nov 2026, 01:00 PM
Auction end
18 Nov 2026, 05:00 PM
EMD submission deadline
18 Nov 2026, 12:00 PM
Inspection
04 Nov 2026, 11:00 AM – 13 Nov 2026, 05:00 PM
Authorised officer
SURYA.K
Officer contact
8848664711
E-auction portal
BAANKNET (Property ID MAHBANBUSELVAM)
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Price Check

This listing's reserve price works out to ₹2,157 per sq ft. The average across residential bank auctions in Madurai on our site is ₹3,011 per sq ft, so this one is 28% below 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 4 Nov 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID MAHBANBUSELVAM)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 18 Nov 2026, 12:00 PM. It is refunded if you don't win.
  5. Bid online on 18 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.

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Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Bank of Maharashtra. Always verify every detail with the official notice and the authorised officer before paying any money.

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