Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611847
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch,East Veli Street, Madurai
Reserve Price:₹12,00,000
EMD:₹1,20,000
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a prime residential plot located in the thriving Melur Taluk of Madurai, Tamil Nadu. Offered by Canara Bank through a SARFAESI auction, this plot presents a fantastic investment opportunity. The property is situated in a well-developing area, offering potential for residential construction. Its location in Madurai, a city known for its rich cultural heritage and growing economy, makes it an attractive proposition for buyers seeking to build their dream home or invest in real estate. Details: - Property Type: Plot - Asset Category: Residential - Location: Melur Taluk, Madurai, Tamil Nadu
State:Tamil Nadu
City:Madurai
Area:Melur Taluk
Asset Category:Residential
Full Address:41, 42, 43, 43 A, 45, 49, 50, 57, 58, 60, 61, 61-A, Sri. Thiravupathai Amman Nagar, Thiruvathavoor Village, Patta No. 2597 [old no. 111 and 127 - 2138; 2567] S. No 136/4, 5, 6 and 9 Sri. Thiravupathai Amman Nagar, a Plots bearing No. 41 to 45, 49, 50, 57, 58, 60, 61 and 61-A, Thiruvathavoor Village, Madurai
Building/Society:Sri. Thiravupathai Amman Nagar
Size:17727 Sq. ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a valuable residential plot in Melur Taluk, Madurai, Tamil Nadu. The auction will be held online on November 25, 2025, with bidding open from 11:00 AM to 01:00 PM. The reserve price for this property is ₹12,00,000, and the Earnest Money Deposit (EMD) required is ₹1,20,000. This is a unique chance to acquire a plot in a developing region of Tamil Nadu. Interested bidders are advised to review all auction terms and conditions provided by Canara Bank. Don't miss this opportunity to secure a plot at a competitive price.
Borrower Name:Mr.C.Velmurugan
Auction Type:SARFAESI Auction
Guarantor Names:Mr.M.Manivannan
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property consists of multiple plots in a developing area near Madurai. While the reserve price seems reasonable, potential buyers should conduct thorough due diligence to assess the plots' individual values and any potential encumbrances. This offers a calculated opportunity for investors willing to take on moderate risk for potential long-term appreciation.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch,East Veli Street, Madurai
Service Provider:BAANKNET
Contact Details:
Chief Manager
Contact no:0452-2335348
