2,834 sq feet House for Auction in Karumathur, Madurai – Canara

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

2,834 sq feet (≈ 2,834 sq ft)

Reserve price / sq ft

₹2,011

Locality

Karumathur

City

Madurai

State

Tamil Nadu

Pincode

625514

Address

KARUMATHUR, Madurai, Tamil Nadu, 625514 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

MADURAI SPECIALISED ARM BRANCH

Auction type

SARFAESI Auction

Borrower

JEEVI L*****

Auction start

17 Nov 2026, 12:00 PM

Auction end

17 Nov 2026, 01:00 PM

EMD submission deadline

16 Nov 2026, 04:00 PM

Inspection

10 Oct 2026, 10:00 AM – 16 Nov 2026, 03:59 PM

Authorised officer

C SIVA, CHIEF MANAGER

Officer contact

9489046509

E-auction portal

BAANKNET (Property ID CNRB300558581)

Price Check

This listing's reserve price works out to ₹2,011 per sq ft. The average across residential bank auctions in Madurai on our site is ₹3,011 per sq ft, so this one is 33% 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 10 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRB300558581)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 16 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 17 Nov 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.