2 sq ft Commercial Building for Auction in Ramanathapuram – KVB

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

2 sq ft

Reserve price / sq ft

₹7,50,000

Locality

—

City

Ramanathapuram

State

Tamil Nadu

Address

Mortgaged Asset: All that Piece of Parcel land and House site in Survey No.87/7B part, Patta No.743, measuring an extent of 4790 1/2 Sq.Ft.. (0.445.0 sq.metre) (cent 11) in Mayapuram village, Madakottan Panchayath, Ramanathapuram Taluk and District along with residential building constructed thereon. Boundaries: North East West road, East: Punja land of A.Sundarrajan, South: House site of K. Lakshamanan, West: North to south common pathway of 10 feet breadth. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Karur Vysya Bank

Branch

Ramanathapuram

Auction type

SARFAESI Auction

Borrower

Mr L B***

Auction start

15 Oct 2026, 11:00 AM

Auction end

15 Oct 2026, 12:00 PM

EMD submission deadline

14 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2410940

Price Check

This listing's reserve price works out to ₹7,50,000 per sq ft. The average across commercial bank auctions in Ramanathapuram on our site is ₹34 per sq ft, so this one is 2205782% 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.
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 (bankauctions.in (4Closure) · Listing 2410940), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹1,50,000 before 14 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 15 Oct 2026 starting above the reserve price, in multiples of ₹50,000.
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.