Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611907
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch,East Veli Street, Madurai
Reserve Price:₹26,00,000
EMD:₹2,60,000
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a residential house located in Madakkulam, Madurai, Tamil Nadu. The property is being auctioned by Canara Bank under SARFAESI Act. It presents a great opportunity for individuals looking to own a home in a well-connected area of Madurai.
State:Tamil Nadu
City:Madurai
Area:Madakkulam
Asset Category:Residential
Full Address:Plot No 4, In Madurai district, Joint IV SRO, Madurai South Taluk, Madakkulam Village, Inskirt of Palanganatham, Nehru Nagar, Ayan Nanjai R.S.No 429/1A1B1, Plot No 4' s southern part housing Plot and Building, Madakkulam, Madurai
Size:825 sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential house in Madakkulam, Madurai. The auction will take place on November 25, 2025, from 11:00 AM to 01:00 PM. The reserve price is ₹26,00,000, with an Earnest Money Deposit (EMD) of ₹2,60,000 required. This is a prime opportunity to acquire a property through a transparent bank auction process.
Borrower Name:Mr. Murugesan K
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Rita Sikdar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is located in Madakkulam, Madurai and is being auctioned by Canara Bank at a reserve price of ₹26,00,000. The area is 825 sq.ft, making it a reasonable investment with a calculated opportunity due to the size and location.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch,East Veli Street, Madurai
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:0452-2335348
