58.5 cent Land for Auction in Madurai – SIB

Property Details

Property type

Land (Land & Agricultural)

Possession

Not specified

Area

58.5 cent (≈ 25,482 sq ft)

Reserve price / sq ft

₹180

Locality

—

City

Madurai

State

Tamil Nadu

Address

Description of property: All that part and parcel of land admeasuring 58.5 cents along with all constructions, improvements, easementary rights existing and appurtenant thereon situated in Old S.F No. 82/1, New S.F No. 82/182 situated in Pillaiyarnatham Village, Aathoor Taluk, Dindigul District and owned by Mr.M.Mohammed Foyas, morefully described in Registered Gift Settlement Deed No.4176/2019 dated 22-08-2019 of SRO-Nagalnaickenpatty and bounded on, North: 3.5 cents belonged to Nownighar in S.No. 82/1 and Property in S.No. 33/2D, South: 62 cents out of 2 Acre 59 cents in Sy.No. 82/1, East: Property in S.No. 82/2A, West: North South Cart Track. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

—

Auction type

SARFAESI Auction

Borrower

—

Auction start

06 Oct 2026

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 462858

Price Check

This listing's reserve price works out to ₹180 per sq ft. The average across land & agricultural bank auctions in Madurai on our site is ₹1,328 per sq ft, so this one is 86% 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 (AuctionTiger · Auction ID 462858), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before —. It is refunded if you don't win.
5. Bid online on 6 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.