Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611818
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch,East Veli Street, Madurai
Reserve Price:₹33,00,000
EMD:₹3,30,000
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 Periayur, Madurai, Tamil Nadu. The property is being auctioned by Canara Bank as part of a SARFAESI action against the borrower, Mrs. P. Aadhilakshmi. It presents an opportunity to acquire a house in a well-established area.
State:Tamil Nadu
City:Madurai
Area:Periayur
Asset Category:Residential
Full Address:Plot No.10, Ramunni Nagar, T.Kallupatti Village comprised in Patta No 243 in survey No.10/3A Ramunni Nagar Plot No.10, Periayur, Madurai
Building/Society:Ramunni Nagar
Size:1410 Sq ft.
Auction Description
Canara Bank is conducting an online SARFAESI auction for a residential house in Periayur, Madurai, Tamil Nadu. The auction will take place on November 25, 2025, starting at 11:00 AM and concluding at 01:00 PM. The reserve price for this auction is INR 33,00,000, with an Earnest Money Deposit (EMD) of INR 3,30,000 required to participate.
Borrower Name:Mrs. P.Aadhilakshmi
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Sankar
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a reasonable investment potential due to its location in Periayur, Madurai, and the relatively affordable reserve price. However, further due diligence is recommended to assess market demand and potential rental yields. Given the details, it is a 'Calculated Opportunity' requiring careful consideration.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch,East Veli Street, Madurai
Service Provider:BAANKNET
Contact Details:
Contact no:0452-2335348
