2,185 sq ft Residential Plot for Auction in Madurai – KVB

Property Details

Property type

Residential Plot (Residential)

Possession

Not specified

Area

2,185 sq ft

Reserve price / sq ft

₹549

Locality

—

City

Madurai

State

Tamil Nadu

Pincode

297260

Address

Mortgaged Asset Property No.1: (Details of mortgaged Property in the name of Mrs.K.Indhurani): Madurai District, Madurai North Registration District, Thamaraipatti Sub Division, at present Othakkadai Sub Division, Madurai North Taluk at Present Madurai East Taluk, Edaiyapatti Village, Patta No.163, Patta Pass Book No.297260 comprised in S.No.47/8 for an extent of 61 cents i.e., 0.24.5 Ares Lands at present Named as "Nambi Nagar" house plots as per layout in that particularly Plot No.3 house site and Bounded on: North: Plot No.2 house site, East: Shenbagavalli's Punjai, South: Plot No.4 house site, West: 15 feet wide common pathway Road. Measruing: East West on both sides 50 feet and North South on both sides 38 feet totalling an extent of 1900 Sq. feet. Including Western side 15 feet wide North-South common pathway Road Area measuring for an extent of 285 sq.feet. Total measuring for an extent of 2185 Sq.feet, ie., 5 cents 05 Sq.feet. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Karur Vysya Bank

Branch

Madurai Mattuthavani Branch

Auction type

SARFAESI Auction

Borrower

Mr S**** G*****

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 2410941

Price Check

This listing's reserve price works out to ₹549 per sq ft. The average across residential bank auctions in Madurai on our site is ₹3,798 per sq ft, so this one is 86% 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 2410941), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹1,20,000 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 ₹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.