Property for Auction in Vilangudi, Madurai, Tamil Nadu
Auction ID:519509
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹1,26,70,000
EMD:₹12,67,000
Service Provider:BAANKNET
Submission Date:16-06-2025 04:00 PM
Bid Start Date:17-06-2025 12:30 PM
The property consists of two distinct portions of land with existing structures, situated in Vilangudi, Madurai District. The first portion, measuring 18 3/7 cents within R.S.No.157/1 (now R.S.No.129/1H), has a built-up area of 6244 Sq Ft excluding road portion, totaling 6990 SqFt with road. The second portion, also part of R.S.No.157/1 (subdivided as R.S.No.129/1G1), measures 0.08.0 ares or 20 cents, with a built-up area of 1468 Sq Ft excluding road portion, totaling 1658 SqFt with road. Both properties are located in Damcy Colony 2nd Street, Vilangudi, and fall under Madurai Corporation limits. Detailed boundaries for each section are provided in the auction notice.
State:Tamil Nadu
City:Madurai
Area:Vilangudi
Asset Category:Residential
Canara Bank is auctioning a residential property in Vilangudi, Madurai, belonging to Mr. Sivakumar Ramachandran. The auction will take place on June 17, 2025, from 12:30 PM to 1:30 PM. The reserve price is ₹12,670,000 and the EMD is ₹1,267,000. The property comprises two portions of land with constructed houses, located at Damcy Colony 2nd Street, Vilangudi. The total land area is approximately 1 acre and 29 cents, with specific measurements and boundaries detailed for each portion. The auction is conducted under SARFAESI regulations by BAANKNET.
Borrower Name:Mr Sivakumar Ramachandran
Auction Type:SARFAESI Auction
Chief Manager ARM Branch Madurai (Phone No : 0452-2335348 / Cell No : 9489046509)