BanksAuctions.com logo
anksAuctions.com
CommercialUpcoming auctionVerified listing

Commercial in Madurai

Madurai

Reserve price
₹7.95 Cr
Auction date
18 Mar 2026
10:30 AM
EMD deadline
09 Feb 2026
5:00 PM
Bid increment
₹1,00,000.00

Location details

Property Address
1. In Madurai District, Madurai North Registration District, Tallakulam Sub Registration District, Madurai Town, Survey Ward No.10, Corporation Ward No.11, Tallakulam Alagarkoil Road, house property situated in Old T.S.No.810/2, New T.S.No.810/2/2A and T.S.No.810/2/3 bearing Door No.3(11A) Tallakulam, Alagarkoil road, Madurai Corporation to Pudur Bus Stand, as per the parent document to an extent of 1999 ½ Sq.feet but as per actual measurements to an extent of 2105 Sq.feet. 2. In Madurai District, Madurai North Registration District, Tallakulam Sub Registration District, Madurai Town Survey Ward No.10, Corporation Ward No.11, Tallakulam Alagarkoil Road, house property situated in Old T.S.No.810/2, New T.S.No.810/2/2A and T.S.No.810/2/3 bearing Door No.3(11) Tallakulam, Alagarkoil road, Madurai Corporation to Pudur Bus Stand.
City: Madurai
District: Madurai
State: Tamil Nadu
Pin Code: 625003
Country: India

Auction timeline

Auction starts
18 Mar 2026 at 10:30 AM
Auction ends
18 Mar 2026 at 11:30 AM
EMD submission deadline
09 Feb 2026 at 5:00 PM

EMD must be submitted before this time to be eligible to bid.

Property overview

Type
Commercial
Sub Type
Office
Possession Status
Symbolic
Type of Action
Under SARFAESI
Asset Type
Immovable
Ownership Type
Freehold
Title Deed Type
Registered Sale Deed
Property Price
₹7.95 Cr
Property Identifiers
Bank Property ID
CNRB118799852
Collateral ID
118799852001

Property Images

Price history

3 previous auctions
₹8.1Cr30 Jul₹8.0Cr₹8.0CrNow 1.9% down
₹7,95,00,000.00
10 Feb 2026
Commercial
Canara Bank logoCanara BankPossession: Symbolic
₹8,10,00,000.00
11 Sep 2025
Commercial
Canara Bank logoCanara BankPossession: Symbolic
₹8,10,00,000.00
30 Jul 2025
Commercial
Canara Bank logoCanara BankPossession: Symbolic

Borrower & Loan details

Borrower Name
SUNDAR TYRES
Registered Address of Borrower
Prop. KSP Sundaravel, S/o Palani Kumarasamy, No. 2B, Neelakandan Koil Street, Pasumpon Nagar, Madurai - 625003
Owner
KSP Sundaravel
NPA Amount
₹8.00 Cr
Ownership Type
Freehold
Title Deed
Registered Sale Deed
Asset Type
Immovable
Collateral ID
118799852001
Customer ID
118799852

EMD Schedule

EMD Start
21 Feb 2026
11:28 AM
EMD Deadline
17 Mar 2026
5:00 PM
Payment Deadline
09 Feb 2026

Inspection Schedule

Inspection Start
13 Mar 2026
11:00 AM
Inspection End
13 Mar 2026
4:00 PM

Officer Details

Authorized Officer
ALOK PRAKASH
Authorised Officer - Scale - IV - CM
Dealing Officer
Alok Prakash, AGM

Auction Rules

Type of Action
Under SARFAESI
Bid Increment
₹1,00,000.00
Extension Increment
₹1,00,000.00
Auto Extension
Enabled
Extension Trigger
Last 5 minutes
Extension Duration
5 minutes
First Bid Acceptance
Yes

Ownership & Legal

Ownership Type
Freehold
Title Deed Type
Registered Sale Deed
Asset Type
Immovable
Collateral ID
118799852001
Property ID
CNRB118799852
Canara Bank logo
Canara Bank
Verified seller
Branch: CHENNAI SPECIALISED ARM BRANCH
IFSC: CNRB

Bank contact

+91 99999 99999+91 94443 12361
Branch Address
Old No.563/1, New No.524, Venkataramana Centre, V Floor, Anna Salai, Teynampet,
Branch IFSC
CNRB0002361
Department
CHENNAI SPECIALISED ARM BRANCH