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Commercial Building SARFAESI Auction Symbolic Possession

0.68 acres Commercial Building for Auction in Urban, Tirunelveli – Canara

Urban, Tirunelveli, Tamil Nadu · Auction ID #5715

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Commercial Building photo 1 Commercial Building photo 2 Commercial Building photo 3
Reserve Price ₹6,32,00,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 23 Oct 2026, 12:00 PM In 22 days
EMD Last Date 22 Oct 2026, 04:00 PM In 21 days
Area0.68 acres

Property Details

Property type
Commercial Building (Commercial)
Possession
Symbolic Possession
Area
0.68 acres (≈ 29,620 sq ft)
Reserve price / sq ft
₹2,134
Locality
Urban
Pincode
627002
Address
URBAN, Tirunelveli, Tamil Nadu, 627002 View on map

Description (as per sale notice)

All that Part and Parcel of Property located at Tirunelveli District, Palayankottai Registration District, Palayankottai Joint No.1 Sub-Registration District, Palayamkottai Taluk, Palayamkottai Village, Palayamkottai Municipality Previously in Ward No.10 Presently Ward No.13 under Tirunelveli Municipal Corporation, Arivatta Nayanar Street, Eastern row Town Survey Ward No.1, Block No.18, Town Survey No.1708/1, 1708/3, 1708/4 and 1708/5 part in Old T.S.No.1708/5. An extent of 68 cents and as per enjoyment 70.43 cents equivalent to 30,681 Sq.ft and the building constructed thereon bearing Door No.3 and 3A (New No.6, 6A) with all superstructures , electrical connection and water connection with all easement rights. Boundaries: North by : Palayam Channel, Munaiyaduvar Nayanar Street and House Property belonging to Lakshmana Konar and Subbiah Konar, East by : T.S.No.1708/5 with temple site and house property belonging to Subbu Iyer and Subbiah Konar, South by : T.S.No.1712 Street and waste water channel, West by: T.S.No.1709 Arivatta Nayanar Street.

BAANKNET Property ID: CNRBMAFFATLALOIL

Bank & Auction Details

Bank / Lender
Canara Bank
Branch
MADURAI SPECIALISED ARM BRANCH
Auction type
SARFAESI Auction
Borrower
1. M***** O** M****
Auction start
23 Oct 2026, 12:00 PM
Auction end
23 Oct 2026, 01:00 PM
EMD submission deadline
22 Oct 2026, 04:00 PM
Inspection
—
Authorised officer
C SIVA
Officer contact
9489046509

Price Check

This listing's reserve price works out to ₹2,134 per sq ft. The average across commercial bank auctions in Tirunelveli on our site is ₹2,917 per sq ft, so this one is 27% 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 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 CNRBMAFFATLALOIL)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 22 Oct 2026, 04:00 PM. It is refunded if you don't win.
  5. Bid online on 23 Oct 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.

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

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