Property for Auction in Manmangalam, Madurai, Tamil Nadu
Auction ID:534183
Bank Name:State Bank of India
Branch Name:STRESSED ASSETS RECOVERY BRANCH, COIMBATORE
Reserve Price:₹35,25,000
EMD:₹3,52,500
Service Provider:BAANKNET
Submission Date:29-07-2025 05:00 PM
Bid Start Date:30-07-2025 11:00 AM
The property is located in Manmangalam, Madurai, Tamil Nadu, India. It consists of two house sites, numbered 101 and 102, with a combined area of 6380 square feet. These sites are part of a larger layout named 'Shri Soliyamman Nagar' on S.F.No.305 (presently S.F.Nos 305/1 to 305/9). The property also includes a common 1/16 share of 398.75 square feet within these house sites. Additionally, the auction includes flat A3 on the first floor of the 'Silver Springs' apartment building (Door No. 5/101/A3) and a 1/16 undivided common share in the building's common areas such as the ground floor lift, water tank, motor, bore well, car parking, pathways, staircase, terrace, washing place, and lift operating room. The property is situated with access from a 30 feet width north-south road and a 20 feet north-south road. The specific parcel is S.F.305/8, measuring 0.98.5 Hectares, Patta No.735. Latitude and Longitude are 10.993297/78.059058.
State:Tamil Nadu
City:Madurai
Area:Manmangalam
Asset Category:Residential
State Bank of India is auctioning a residential property (house) located in Manmangalam, Madurai, Tamil Nadu. The property is mortgaged by Mr. S. Muthusamy. The auction is conducted under SARFAESI Act. The property includes two house sites, Nos. 101 and 102, totaling 6380 sq ft, with rights to use roads and pathways. It also includes a common share in an apartment building named 'Silver Springs', specifically flat A3 on the first floor, along with undivided common share in common areas like lift, water tank, parking, staircase, and terrace. The auction has a reserve price of 3525000.00 and an EMD of 352500.00. The auction will take place on 30-07-2025 from 11:00 AM to 04:00 PM. For inquiries, contact Authorised Officer Mr.Y.Chandrasekar at 9487626069 or City Case Officer Ajitha.R at 9944153819.
Borrower Name:Mr.S. Muthusamy
Auction Type:SARFAESI Auction
Authorised Officer Mr.Y.Chandrasekar Mobile No : 9487626069 / City case officer: Ajitha.R Mobile No: 9944153819