Commercial Property for Auction Kuthalam Mayiladuthurai 2.4 Crore by Karnataka Bank 17 Jun 2026
Kuthalam, Mayiladuthurai
Area: 976 Sq. meter
Rajagopalapuram, Kambar Colony, comprised in Old S.No.267/3, New RS No.267/13 for 191 Sq. meter, Old SNo.268/1, New RS No.268/1A for 712 Sq.meter, Old S.No. 268/1 and New RS No. 268/1B for 73 Sq. meter, Door No.28
Karnataka Bank · Asset Recovery Management Branch
Reserve price
₹2,41,53,000
EMD ₹24,15,300
Auction date
17 Jun 2026, 12:00 PM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 976 Sq. meter
- ▸Locality: Kuthalam
- ▸Reserve: ₹2,41,53,000
- ▸EMD: ₹24,15,300
Auction snapshot
| Possession | Symbolic |
| Property type | Commercial Property · Commercial |
| Locality | Kuthalam |
| Built-up / plot area | 976 Sq. meter |
| Lender | Karnataka Bank |
| Branch | Asset Recovery Management Branch |
| Unit / flat no. | 28 |
| Auction type | SARFAESI Auction |
| Bid increment | ₹1,00,000 |
| Service provider | Auctionbazaar |
About this property
Commercial Property bank auction in Kuthalam, Mayiladuthurai by Karnataka Bank — reserve price ₹2,41,53,000, 976 Sq. meter, Symbolic possession.
Bank auction property! Commercial shop for sale in Kuthalam, Mayiladuthurai. Seize the opportunity to acquire a prime commercial property through Karnataka Bank's mega auction. This property, located in Rajagopalapuram, Kambar Colony, offers 976 Sq. meters of space, perfect for various business ventures. The auction is scheduled for 2026-06-17 with a reserve price of ₹24153000.0 and an EMD of ₹2415300.0. Don't miss out on this investment opportunity in a bustling locality near Hotel Deepam and Kuthalam Town Panchayath Office.
GeoSquare note: The property is a commercial property in a decent location with a specified address,but the symbolic possession might delay immediate use. The reserve price is relatively high, which could impact the investment's immediate returns. Considering the auction details and possession status, it presents a fair option with potential for long-term appreciation.
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