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Land DRT Auction

2 cent Land for Auction in Madurai – IDBI

Madurai, Tamil Nadu · Auction ID #4369

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Reserve Price ₹69,00,000
EMD (Earnest Money)₹6,90,000
Bid Increment₹1,00,000
Auction Date 12 Oct 2026, 11:00 AM In 13 days
EMD Last Date 08 Oct 2026, 11:59 PM In 9 days
Area2 cent

Property Details

Property type
Land (Land & Agricultural)
Possession
Not specified
Area
2 cent (≈ 871 sq ft)
Reserve price / sq ft
₹7,920
Locality
—

Description (as per sale notice)

SCHEDULE-A In Madurai District Madurai North Registration District, Chokkikulam Sub District, Madurai South Taluk, Madurai Town Survey Ward No.10, Block, No.101, Chokkikulam Village, Gokhale Road, Corporation Door No.31, Property Tax Assessment No.24099, Old S.No.934-1-1 (47 1⁄2 Cents), 934-1-2 (14 Cents), 934-2-1 (19 Cents), 934-2-2 (06 Cents), 934-4-4B (2.5 Cents), later T.S.No.934/1, 934/2, 934/5, 934/8 and 934/12, property New T.S.No.4465/2 admeasuring a total extent of 89 Cents bounded, North: Property held by Indian Oil Corporation under T.S.No.934/10t, 934/4, 934/12 and 934/2,( New T.S.No.4465/1), East: Gokhale Road, South: Private Properties comprised in T.S.No.934/4, 934/1D, 931/1G, 933/1B, 933/1A (New T.S.No.4461, 4462, 4463 & 4464), West: Private Properties comprised in T.S.No.930/B-2B, 930/3-2A, 930/3-3, (New T.S.No.4460 and 4461), within the above bounded measuring, North: 152'6"+ 223'3", South: 265'6", East: 138, West: 101', Total measuring 89 Cents. SCHEDULE-B In the above said property 50% of undivided share of 250 sq.ft of land on prorated basis for the purchasers of such undivided share of lands, the shops comprised in the combined extent of 89 Cents as described in Schedule A. SCHEDULE -C (Shop owned by Certificate Debtor Asanammal Kasim and Mr.Kadher Mohideen Kasim), 50% of share in Shop bearing No.Anchor-1A, measuring about 1920 sq.ft of Super Built up area (with inclusive of the proportionate share in the common areas), with 8'0" corridor (North South) in the Western Side, with Anchor Shop No.1B in the Eastern Side, with 8'0"outer boundary wall in the Southern Side at Second Floor of the Commercial unit known as 'VISHAAL de MAL' constructed thereon at the above mentioned Schedule A property together with undivided share of land measuring about 83 sq.ft (which is the land on prorated basis for this shop) out of land mentioned above in Schedule A.

Bank & Auction Details

Bank / Lender
IDBI Bank
Branch
IDBI Bank Ltd, Anna Salai, Chennai - BO
Auction type
DRT Auction
Borrower
M/s. N** I**** M**** L** & 2 O*****
Auction start
12 Oct 2026, 11:00 AM
Auction end
12 Oct 2026, 12:00 PM
EMD submission deadline
08 Oct 2026, 11:59 PM
Inspection
29 Sep 2026, 11:00 AM – 29 Sep 2026, 03:00 PM
Authorised officer
—
Officer contact
—
View official sale notice

Price Check

This listing's reserve price works out to ₹7,920 per sq ft. The average across land & agricultural bank auctions in Madurai on our site is ₹3,966 per sq ft, so this one is 100% 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 (open notice).
  2. Inspect the property on 29 Sep 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (C1 India (bankeauctions.com)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of ₹6,90,000 before 08 Oct 2026, 11:59 PM. It is refunded if you don't win.
  5. Bid online on 12 Oct 2026 starting above the reserve price, in multiples of ₹1,00,000.
  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.

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 IDBI Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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