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Commercial in Madurai

Madurai

Reserve price
₹9.24 Cr
Auction date
06 Feb 2026
10:00 AM
EMD deadline
08 Oct 2025
4:00 PM
Bid increment
₹1,00,000.00

Auction timeline

Auction starts
06 Feb 2026 at 10:00 AM
Auction ends
06 Feb 2026 at 4:00 PM
EMD submission deadline
08 Oct 2025 at 4:00 PM

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

Property overview

Type
Commercial
Sub Type
Shops
Possession Status
Physical
Asset Type
Immovable
Ownership Type
Freehold
Title Deed Type
Registered Sale Deed
Property Price
₹10.89 Cr
Property Identifiers
Bank Property ID
PUNB08BV60528865
Collateral ID
8BV60528865

Location details

Property Address
m/s hotel arunachala door no 140, 141 south veli st madurai 625001
City: Madurai
District: Madurai
State: Tamil Nadu
Pin Code: 625001
Country: India

Price history

4 previous auctions
₹10.9Cr8 Oct₹9.8Cr₹9.2CrNow 15.2% down
₹9,24,00,000.00
30 Dec 2025
Commercial
Punjab National BankPossession: Physical
₹9,81,00,000.00
26 Nov 2025
Commercial
Punjab National BankPossession: Physical
₹9,81,00,000.00
30 Oct 2025
Commercial
Punjab National BankPossession: Physical

Borrower & Loan details

Borrower Name
ARUNACHALA AND CO
Registered Address of Borrower
140,141, South Veli Street, Madurai, Tamil Nadu-625001
Owner
Shri ad arunjunai and smt a naveena
Guarantor
M/s Sai Ramana Enterprises
Ownership Type
Freehold
Title Deed
Registered Sale Deed
Asset Type
Immovable
Collateral ID
8BV60528865
Customer ID
C01164323
Guarantor Address
140/1,South Veli Street,Madurai-625001

Additional details

Description
Madurai District,Madurai South Registration District, Madurai south Registration District, Madurai West Taluk, West Madurai Village, Zone no 3, Ward No 67,Block No 18, Old Tax Assessment no 82763 New Tax Assessment No.115/067/00657 & 0656, Southveli Street, Old Door No.141 & 142 & 140, T.S.No.2472/1 & 2, T.S.No.2471, T.S.No.2469 and T.S.No.2470, New Door No.141 & 140, South Veli Street, Madurai having area of 6078.50sq ft in the name of Mr. A.D Arunjunai and Mrs. A.Naveena. Item No:1 Zone No.3, Ward No.67, Block No.18, Old Tax Assessment No.82763 New Tax Assessment No.115/067/00657, Southveli Street, Old Door No.141 & 142, T.S.No.2472/1, T.S.No.2471, T.S.No.2469 and T.S.No.2470, New Door No.141, South Veli Street, Madurai Bounded by, North : East-West Southveli Street East : Door No.140 belongs to A.D. Arunjunai in T.S.No.2472/2 South : Ramalingam Asari Lane in T.S.No.2481/3 West : House belongs to Sudalaimuthupillai in T.S.No.2465, Meenakshi Sundaram Asari in T.S.No.2466, Abdeensaibu in T.S.No.2468 Measuring T.S.No.2472/1 measuring 1534-1/2sq.ft. Southern side T.S.No.2471 measuring 744sq.ft. Southern side T.S.No.2469 and T.S.No.2470 measuring 744sq.ft. Totally 3 Thakkus: 3022-1/2sq.ft stands in the name of Mrs. A.Naveena Item No.2:- Zone No.3, Ward No.67, New Tax Assessment No.115/067/00656, Southveli Street, Town Survey Ward No.3, Block No.18, T.S.No.2472/2, Door No.140, South Veli Street, Madurai Bounded by, North : Southveli Street East : House belongs to Rama.Marudhamalaiachari in T.S.No.2473 South : Ramasamy Achari East-West Lane in T.S.No.2481 West : T.S.No.2469, 2470, 2471, 2472/1 Houses Measuring 3056sq.ft stands in the name of Mr.A.D.Arunjunai. Totaling Item 1 & 2 – 6078.50 sq.ft.

EMD Schedule

EMD Start
20 Jan 2026
3:05 PM
EMD Deadline
06 Feb 2026
4:00 PM
Payment Deadline
08 Oct 2025

Officer Details

Authorized Officer
N Sivagurunathan
Authorised Officer - Scale - IV - CM
Dealing Officer
Sivagurunathan

Auction Rules

Bid Increment
₹1,00,000.00
Extension Increment
₹1,00,000.00
Auto Extension
Enabled
Extension Trigger
Last 10 minutes
Extension Duration
10 minutes
First Bid Acceptance
Yes

Ownership & Legal

Ownership Type
Freehold
Title Deed Type
Registered Sale Deed
Asset Type
Immovable
Collateral ID
8BV60528865
Property ID
PUNB08BV60528865
Punjab National Bank
Verified seller
Branch: ARMB TRICHY 832700
IFSC: PUNB

Bank contact

+91 94490 02794+91 94425 50086
Branch Address
TRICHY
Branch IFSC
PUNB0832700
Department
ARMB TRICHY 832700