2,231 sq ft Land & Building for Auction in Virudhunagar – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

2,231 sq ft

Reserve price / sq ft

₹2,611

Locality

—

City

Virudhunagar

State

Tamil Nadu

Address

All that part and parcel of land admeasuring 2231.945 sq ft (1595.76 Sq ft + 636.185 sq ft) in Ward No. 3, Plot No 18 and all constructions, improvements, easementary rights existing and appurtenant thereon situated in Survey. No. 63/3, New Sy. No.63/3B2, new sub division S No 63/3 B2A, 63/3B2C now, New Sy No. 63/4 of Chettiarpatti Village, Rajapalayam Taluk, Virudhunagar District and owned by Mr. Velmurugan. A, more fully described in Registered Sale Deed No. 3435/2019 dated 13-12-2019 of SRO-Seithur and bounded on,Boundaries of 1595.76 sq ftNorth: East West 16 ft north south streetEast: Palraj Vacant SiteSouth: Rajendran Vacant SiteWest: 2nd Schedule therein.Boundaries of 636,185 sq ftNorth: East West 16 ft north south streetEast: 1st schedule hereinSouth: Rajendran Vacant SiteWest: North South Street View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Rajapalayam Branch

Auction type

SARFAESI Auction

Borrower

Mr V***** A

Auction start

07 Oct 2026, 11:00 AM

Auction end

07 Oct 2026, 12:00 PM

EMD submission deadline

05 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2378494

Price Check

This listing's reserve price works out to ₹2,611 per sq ft. The average across residential bank auctions in Virudhunagar on our site is ₹2,549 per sq ft, so this one is 2% 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 2378494), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹5,82,500 before 05 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 7 Oct 2026 starting above the reserve price, in multiples of ₹25,000.
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.