Land for Auction Mayandi Thevar Street Usilampatti Town Madurai 31.5 Lakh by Tamilnad Mercantile Bank Limited 09 Jul 2026
Mayandi Thevar Street, Usilampatti Town, Madurai
Area: 2480.5 sq. ft.
Mayandi Thevar Street, Madurai to Theni Main Road, Usilampatti Town, Usilampatti Sub Registration District, Periyakulam Registration District, Madurai District.
Tamilnad Mercantile Bank Limited · Usilampatti
Reserve price
₹31,50,000
EMD ₹3,15,000
Auction date
09 Jul 2026, 12:30 PM
Auction notice
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Quick read
- ▸Possession: Constructive
- ▸Area: 2480.5 sq. ft.
- ▸Locality: Mayandi Thevar Street, Usilampatti Town
- ▸Reserve: ₹31,50,000
- ▸EMD: ₹3,15,000
Auction snapshot
| Possession | Constructive |
| Property type | Land · Residential |
| Locality | Mayandi Thevar Street, Usilampatti Town |
| Built-up / plot area | 2480.5 sq. ft. |
| Lender | Tamilnad Mercantile Bank Limited |
| Branch | Usilampatti |
| Auction type | SARFAESI Auction |
| Service provider | Public Auction |
About this property
Land bank auction in Mayandi Thevar Street, Usilampatti Town, Madurai by Tamilnad Mercantile Bank Limited — reserve price ₹31,50,000, 2480.5 sq. ft., Constructive possession.
Discover an excellent opportunity to acquire prime land plots through a bank auction by Tamilnad Mercantile Bank Limited. Located on Mayandi Thevar Street, Madurai to Theni Main Road, Usilampatti Town, Madurai District, this bank auction property comprises three schedules of land totaling 2480.50 sq. ft. These land parcels, identified by R.S.No:181/1, UDR.S.No:181/1A2A, 181/1A2, and T.S.No:100, 101, 102, are part of Municipal Ward No.14, Block No.37. The e-auction for this valuable plot is scheduled for 2026-07-09 at 12:30 PM, with a reserve price of ₹31,50,000.0 and an EMD of ₹3,15,000.0. This 'as is where is' land for sale offers significant investment appeal in a developing locality. Contact Tamilnad Mercantile Bank's Usilampatti Branch for more details on this valuable bank auction property.
GeoSquare note: This land plot in Usilampatti, Madurai, presents a strong investment opportunity due to its location on a main road and decent total area of 2480.50 sq. ft. The reserve price of ₹31,50,000.0 is competitive for the region. While possession is constructive, it's a standard bank auction process, making it a fair option for investors seeking land in a growing urban fringe.
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