Land for Auction Kovilangulam Village Chellampatty Madurai 20.3 Lakh by the Tamilnadu Industrial Investment Corporation Ltd 24 Jul 2026
Kovilangulam Village, Chellampatty, Madurai
Area: 13.0 cents
S.No.335/1A, D.No.92/A3, Kovilangulam Village, Chellampatty, Usilampatty Taluk
THE TAMILNADU INDUSTRIAL INVESTMENT CORPORATION LTD · Madurai Branch Office
Reserve price
₹20,26,000
EMD ₹2,02,600
Auction date
24 Jul 2026, 11:00 AM
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Quick read
- ▸Possession: Constructive
- ▸Area: 13.0 cents
- ▸Locality: Kovilangulam Village, Chellampatty
- ▸Reserve: ₹20,26,000
- ▸EMD: ₹2,02,600
Auction snapshot
| Possession | Constructive |
| Property type | Land · Residential |
| Locality | Kovilangulam Village, Chellampatty |
| Built-up / plot area | 13.0 cents |
| Lender | THE TAMILNADU INDUSTRIAL INVESTMENT CORPORATION LTD |
| Branch | Madurai Branch Office |
| Unit / flat no. | S.No.335/1A, D.No.92/A3 |
| Auction type | SARFAESI Auction |
| Bid increment | ₹5,000 |
| Service provider | drt.auctiontiger.net |
About this property
Land bank auction in Kovilangulam Village, Chellampatty, Madurai by THE TAMILNADU INDUSTRIAL INVESTMENT CORPORATION LTD — reserve price ₹20,26,000, 13.0 cents, Constructive possession.
Discover a valuable bank auction property: leasehold land measuring 13 cents, situated at S.No.335/1A, D.No.92/A3 in Kovilangulam Village, Chellampatty, Usilampatty Taluk, Madurai District. This property features a building with a 1600 sq.ft Madras Terrace Ground Floor, a 184 sq.ft RCC Ground Floor, and a 455 sq.ft RCC First Floor. Bounded by North Madurai Usilampatty Road, this Madurai bank auction asset is offered by THE TAMILNADU INDUSTRIAL INVESTMENT CORPORATION LTD, Madurai Branch. The reserve price is ₹20,26,000 with an EMD of ₹2,02,600. The e-auction is scheduled for July 24, 2026, offering a significant investment opportunity for those seeking land with a building in Tamil Nadu, sold on an 'As is where is' basis.
GeoSquare note: This property offers a combination of leasehold land and a substantial building in Kovilangulam Village, Madurai District. With a reserve price of ₹20.26 Lakhs, it presents a potentially fair investment. However, the leasehold nature of the land and 'constructive possession' status require due diligence from potential buyers. The 'As is where is' clause suggests possible unknown encumbrances, making it suitable for informed investors familiar with local property conditions.
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