2,520 sq ft House for Auction in Madurai – DCB

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

2,520 sq ft

Reserve price / sq ft

₹2,579

Locality

—

City

Madurai

State

Tamil Nadu

Address

Description of Mortgaged Properties: Property under reference is a house bearing Door No. 11, having Assessment No. 905, constructed upon a land measuring an extent of 2520 Sq.ft., bearing Plot No. 11, out of a land measuring an extent of 1 acre 8 cents, being the westem portion of land out of 2 acres 16 cents, comprised in R.S. Nos. 3/1, 3/3 4/2 (40 cents equal to 0.16.0 Hectares, comprised in R.S. No. 3/1 and 28 cents equal to 0.11.5 Hectares, comprised in R.S. No. 3/3 and 1 acre 48 cents equal to 0.59.5 Hectares, comprised in R.S. No. 4/2, in all totalling an extent of 2 acres 16 cents), developed into house sites under the name and style of Ganapathy Nagar, situated at No. 28, Melapanangandi Village, Madurai North Taluk, Madurai District, within the limits of Petchikulam Panchayat, within the jurisdiction of Allangamathoor Sub Registration District. Property under reference is a house bearing Door No. 11, having Assessment No. 905, constructed upon a land measuring an extent of 2520 Sqft., bearing Plot No. 11, out of a land measuring an extent of 1 acre 8 cents, being the western portion of land out of 2 acres 16 cents, comprised in R.S. Nos. 3/1, 3/3 & 4/2 (40 cents equal to 0.16.0 Hectares, comprised in R.S. No. 3/1 and 28 cents equal to 0.11.5 Hectares, comprised in R.S. No. 3/3 and 1 acre 48 cents equal to 0.59.5 Hectares, comprised in R.S. No. 4/2, in all totalling an extent of 2 acres 16 cents). developed into house sites under the name and style of GANAPATHY NAGAR, View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

DCB Bank

Branch

Nungambakkam Branch

Auction type

SARFAESI Auction

Borrower

Mr T***** C.

Auction start

19 Nov 2026

Auction end

19 Nov 2026, 12:30 PM

EMD submission deadline

18 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 467755

Price Check

This listing's reserve price works out to ₹2,579 per sq ft. The average across residential bank auctions in Madurai on our site is ₹3,060 per sq ft, so this one is 16% 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 (AuctionTiger · Auction ID 467755), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹6,50,200 before 18 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 19 Nov 2026 starting above the reserve price, in multiples of ₹10,000.
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.