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Office for Auction in Sivakasi, Virudhunagar – Union Bank

Sivakasi, Virudhunagar, Tamil Nadu · Auction ID #80227

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Office photo 1 Office photo 2
Reserve Price ₹1,35,00,000 16.7% lower than previous auction (₹1.62 Cr)
EMD (Earnest Money)—
Bid Increment—
Auction Date 13 Oct 2026, 12:00 PM In 12 days
EMD Last Date 13 Oct 2026, 05:00 PM In 12 days

Property Details

Property type
Office (Commercial)
Possession
Symbolic Possession
Locality
Sivakasi
Pincode
626123
Address
SIVAKASI, Tamil Nadu, 626123 View on map

Description (as per sale notice)

"Description of Immovable Property Virudhunagar District, Virudhunagar Registration District, Sivakasi Taluk, Sivakasi Sub Registrar Office, Sivakasi Village S No 622/2A out of 1 Acre 95 cents 30 cents in eastern side bounded on North by :20 feet width East West Road South by : Sivamurugan Land East by : 15 ft width South North Road West by : Land of Sivamurugan And measuring east west 50 feet south north 64 feet totaling 3200 sq ft (i.e) 297.287 sq meter and a RCC building constructed in the service connection No W1453 and common right in road in North and east side and connecting roads, Electricity Service connection No 07-237-007-2156. The property is situated in Sivakasi Town ward 4, 1st street chairman PKSA Arumugam Road II (Commercial Class I Type – III). As per Town Survey, Sivakasi town ward D, Block 11, T S 116. After Sub Division T S No 116/1A1, Door No 55, owned by Mr. K Naveen Sanjeevi."

BAANKNET Property ID: UBINCOITNV2037

Bank & Auction Details

Bank / Lender
Union Bank of India
Branch
SIVAKASI-911381
Auction type
SARFAESI Auction
Borrower
Sri V***** I****
Auction start
13 Oct 2026, 12:00 PM
Auction end
13 Oct 2026, 05:00 PM
EMD submission deadline
13 Oct 2026, 05:00 PM
Inspection
29 Sep 2026, 03:00 PM – 13 Oct 2026, 11:59 AM
Authorised officer
Mr D Prakash
Officer contact
9656266140

Previous Auctions of This Property

Auction dateReserve price
13 Oct 2026₹1,35,00,000This auction
29 Sep 2026₹1,62,00,000View

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 29 Sep 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID UBINCOITNV2037)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 13 Oct 2026, 05:00 PM. It is refunded if you don't win.
  5. Bid online on 13 Oct 2026 starting above the reserve price.
  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.

Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Union Bank of India. Always verify every detail with the official notice and the authorised officer before paying any money.

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