24,972.88 sq ft Land & Building for Auction in Virudhunagar – KVB

Property Details

Property type

Land & Building (Residential)

Possession

Not specified

Area

24,972.88 sq ft

Reserve price / sq ft

₹2,270

Locality

—

City

Virudhunagar

State

Tamil Nadu

Address

Mortgaged Asset: Land and Building situated at Virudhunagar District, Rajapalayam Taluk, Samusigapuram village, Door No. 128, 128A, 1288, 1280, 1280, 128E and 128F, in S.No.5008/1B-95.25 Cents, S.No.499/1A1-3.75 Cents, S.No.499/181-47.25 Cents, S.No.514A/6828-4371.875 Sq.Ft.,- totalling 68,075.57 Sq.Ft., bounded: Item No.1-5.No.5008/18 out of 1.27 Acres Western Side 20 cents: North by: Chatrapatti Road and Varukal; West by: Property purchased by Rajendran and land belongs to Ramasamy Moopanar: East by: Land in the possession of Subramaniam and Thandayuthapani, South by: Punja land of T.M.A.Muthusamy, Item No.2-S.No.500B/18 out of 1.27 Acres eastern side 20 Cents: North by: Chatrapatti Road and Varukal: West by: Land purchased by Sankaran and Radhakrishnan, East by: Land in the possession of Subramanian and Thandayuthapani, South by: Punja land of T.M.A. Muthusamy. Item No.3-S.No.5008/18 out of 1.27 Acres Centre portion 19 Cents and out of 7.5 Cents western side 3.75 cents in this western side triangle shape 1 cent situated in S.No.499/1A1 totally measuring 20 cents: North by: Chatrapatti Road, West by: Land purchased by Sankaran and Radhakrishnan, 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

Rajapalyam Branch

Auction type

SARFAESI Auction

Borrower

M/s A***** T*****

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 2410927

Price Check

This listing's reserve price works out to ₹2,270 per sq ft. The average across residential bank auctions in Virudhunagar on our site is ₹2,549 per sq ft, so this one is 11% 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 2410927), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹56,70,000 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 ₹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.