14.52 acre Residential Plot for Auction in Virudhunagar – KVB

Property Details

Property type

Residential Plot (Residential)

Possession

Not specified

Area

14.52 acre (≈ 6,32,491 sq ft)

Reserve price / sq ft

₹119

Locality

—

City

Virudhunagar

State

Tamil Nadu

Address

Schedule A: In Virudhunagar District, Thiruchuli Sub District, Melakandamangalam village, Patta No.89, R.S.No.83/1, Punja Land-1.92.5 Ares 4 Acre 75 cents, excluding the portion of 2 Acre 22 cents on the Northern side, the remaining extent of 2 Acre 53 cents on the southern side. Boundaries: North: Govindharaja Mills Property, South: Avudaiammal Property, East: A Arunachalam Nadar, Pandian S.No.88/6, West: Kallankarai Odai and cart Track. 2) In Virudhunagar District, Thiruchuli Sub District, Melakandamangalam village, R.S.No.83/2, Punja Land-0.56.5 Ares 1 Acre 40 cents. Boundaries: North: Govindharaja Mills Property, South: Avudaiammal Property, East: A.Arunachalam Nadar, Pandian S.No.88/6, West: Kallankarai Odai and cart Track. 3) In Virudhunagar District, Thiruchuli Sub District, Melakandamangalam village, R.S.No.88/6, Punja Land-0.35.0 Ares-86 cents, in which excluding 16 cents on the North, the remaining extent of 69 cents on the south. Boundaries: West: Item No.182, North: M/s.Govindharaja Mills, East: M/s. Govindharaja Mills, South: K. Pandian Punjai. Note: Full Description will be available in the Sale Notice. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Karur Vysya Bank

Branch

Aruppukkottai Branch

Auction type

SARFAESI Auction

Borrower

M/s Shri G***** M**** P***** L*****

Auction start

08 Oct 2026, 11:00 AM

Auction end

08 Oct 2026, 12:00 PM

EMD submission deadline

07 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2396772

Price Check

This listing's reserve price works out to ₹119 per sq ft. The average across residential bank auctions in Virudhunagar on our site is ₹2,550 per sq ft, so this one is 95% 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 (bankauctions.in (4Closure) · Listing 2396772), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹75,00,000 before 07 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 8 Oct 2026 starting above the reserve price, in multiples of ₹5,00,000.
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.