3 acre Residential Plot for Auction in Madurai – KVB

Property Details

Property type

Residential Plot (Residential)

Possession

Not specified

Area

3 acre (≈ 1,30,680 sq ft)

Reserve price / sq ft

₹22

Locality

—

City

Madurai

State

Tamil Nadu

Address

Property No.2: (Details of mortgaged Property in the name of Mrs.K.Kohila Kala): In Madurai District, Madurai North Registration District, Melur Taluk, Melur East Sub Division No.71, Thiruvadhavur Village, Old Patta No. 1080, Ayan Punjai S.No.484/1 for an extent 3 Acres 95 cents in that Middle Portion Eastern side in the Plot No.22 for an extent 13.75 Cents in that Western portion & Southern side was excluded for pathway. Measuring: East West on Northern side 96 feet, East West on Southern Side 100 feet, South North on Eastern Side 52 feet, South North on Western Side 52 feet, Measuring for an extent 5096 Sq.feet. The above said Property at present Subdivision S.NO.484/1E for an extent 0.04.5 Ares corresponding to Patta No.3004, The property situated in Melur Panchayat Union Thiruvadhavur Village Panchayat limit and Bounded on: East: Sithazhgan Kanmai, West: 20 feet Wide South North Pathway & Plot No.12 Vacant house site, North: Plot No.23 Ganesan house site, South: 20 feet wide East West Common Pathway. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Karur Vysya Bank

Branch

—

Auction type

SARFAESI Auction

Borrower

—

Auction start

15 Oct 2026

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 465160

Price Check

This listing's reserve price works out to ₹22 per sq ft. The average across residential bank auctions in Madurai on our site is ₹3,798 per sq ft, so this one is 99% 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 465160), 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 15 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.