Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614074
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹50,88,900
EMD:₹5,08,890
Bid Increment:₹50,000
Auction Time:10:00 AM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:26-11-2025 10:00 AM
Bid Start Date:2025-11-26
Property Description
This auction features a prime parcel of land located in the desirable Chokkikulam area of Madurai, Tamil Nadu. Situated in a well-established neighborhood, this plot offers excellent potential for development. The property is being auctioned by Punjab National Bank as part of a SARFAESI action. Ideal for investors or individuals looking to build their dream home or a commercial venture in a sought-after location.
State:Tamil Nadu
City:Madurai
Area:Chokkikulam
Asset Category:Residential
Full Address:Plot No.2056 & Plot No. 1599, S.No.34 part, Koodal Pudur & site & service scheme, Madurai LIG-1 Division Plot No.2056 and Plot No. 1599, Chokkikulam, Madurai
Size:108.00 Square Meter
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a valuable land property in Chokkikulam, Madurai, Tamil Nadu. The auction will commence on November 26, 2025, at 10:00 AM and conclude at 4:00 PM on the same day. The reserve price for this residential asset, formerly associated with M/s Sivajothi Traders, is INR 50,88,900, with an Earnest Money Deposit (EMD) of INR 5,08,890. Don't miss this opportunity to acquire a significant plot in a prime Madurai location.
Borrower Name:M/s Sivajothi Traders
Auction Type:SARFAESI Auction
Guarantor Names:Mr. KMC Ramachandran, M/s Sivajothi Traders
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
Located in Chokkikulam, Madurai, these land plots represent a calculated investment opportunity. The reserve price is moderate, and the symbolic possession status suggests potential complexities. Further due diligence is advisable before bidding.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no: —
