மதுரை வங்கி ஏலச் சொத்துகள் 2026: செப்டம்பரில் ஏலத்திற்கு வரவுள்ள 5 சொத்துகள்
Madurai Bank Auction Properties 2026: Looking for bank auction properties in Madurai? Here are 5 upcoming residential properties listed for e-auction in September 2026. The list includes an individual house, villa and flat from Punjab & Sind Bank, State Bank of India, Punjab National Bank, Canara Bank and Indian Bank.
Auction properties can sometimes offer opportunities to buyers, but bidders should carefully verify the title, possession status, property condition, encumbrances and all applicable auction terms before participating.
Upcoming Bank Auction Properties in Madurai – September 2026
| Bank | Location | Reserve Price | Auction Date |
|---|---|---|---|
| Punjab & Sind Bank | TB Road, Arasaradi, Madurai | ₹57.15 Lakh | 28 September 2026 |
| State Bank of India | VNCT Lotus Villas, Kodikulam, Madurai | ₹38.94 Lakh | 17 September 2026 |
| Punjab National Bank | Athikulam Village, Naganakulam Panchayat, Madurai | ₹69.11 Lakh | 24 September 2026 |
| Canara Bank | S S Colony, Madurai | ₹58 Lakh | 16 September 2026 |
| Indian Bank | Madurai | ₹28.40 Lakh | 21 September 2026 |
1. Punjab & Sind Bank – 514 Sq.Ft. Individual House at TB Road
One of the upcoming Madurai auctions is a residential individual house located at TB Road, Arasaradi, Madurai. The property is described in the sale notice as an immovable property on 514 sq.ft. of land.
| Bank | Punjab & Sind Bank |
| Property Type | Individual House – Residential |
| Property ID | PSIB-M1287-001-2026-27 |
| Location | 61/6 Bharathithasan Salai, TB Road, Arasaradi, Madurai |
| Land Area | 514 sq.ft. |
| Reserve Price | ₹57.15 Lakh |
| EMD | ₹5.715 Lakh |
| Bid Increase Amount | ₹1 Lakh |
| Auction Date | 28 September 2026 |
| Auction Time | 11:30 AM to 4:00 PM |
| Inspection | 24 September 2026, 11:00 AM to 3:00 PM |
| EMD Last Date | 25 September 2026, up to 3:00 PM |
| Possession | Symbolic |
| Platform | baanknet.com |
The sale notice mentions boundaries including Railway Colony Compound on the north, a property/plot on the south, Canal/TB Road on the east and adjoining properties on the west. Bidders should independently verify the property and title documents before bidding.
2. SBI – 984 Sq.Ft. Villa at VNCT Lotus Villas, Kodikulam
State Bank of India is offering a residential villa at VNCT Lotus Villas, Kodikulam, Madurai. The attached SBI sale notice describes the property as a residential villa on a 1,500 sq.ft. plot with a residential individual house having 985 sq.ft. super built-up area, including common area and one covered car park.
| Bank | State Bank of India |
| Property Type | Villa – Residential |
| Property ID | SBIN200070738149N |
| Location | VNCT Lotus Villas, Kodikulam 2nd Bit Village, Madurai |
| Plot Area | 1,500 sq.ft. |
| Super Built-up Area | 985 sq.ft. |
| Reserve Price | ₹38.94 Lakh |
| EMD | ₹3.894 Lakh |
| Bid Increase Amount | ₹25,000 |
| Auction Date | 17 September 2026 |
| Auction Time | 11:30 AM to 12:30 PM |
| Inspection | 15 September 2026, 11:00 AM to 3:00 PM, with prior appointment |
| EMD Last Date | 16 September 2026, up to 5:00 PM |
| Possession | Symbolic |
The SBI notice states that the property will be sold on an “As is where is”, “As is what is” and “Whatever there is” basis. The notice also specifies that the successful bidder must pay 25% of the sale price, after adjustment of the EMD, immediately or by the next working day, with the balance 75% payable within the prescribed period. :contentReference[oaicite:3]{index=3}
3. Punjab National Bank – 1,200 Sq.Ft. Individual House
Punjab National Bank has listed an individual house property in the Madurai area. The sale notice describes the property as land and building situated at Athikulam Village, Naganakulam Panchayat, Madurai North Taluk. The property measures approximately 1,200 sq.ft.
| Bank | Punjab National Bank |
| Property Type | Individual House – Residential |
| Property ID | PUNBABA47513814 |
| Location | Athikulam Village, Naganakulam Panchayat, Madurai District |
| Area | 1,200 sq.ft. |
| Reserve Price | ₹69.11 Lakh |
| EMD | ₹6.91 Lakh |
| Bid Increase Amount | ₹50,000 |
| Auction Date | 24 September 2026 |
| Auction Time | 10:00 AM to 4:00 PM |
| Possession | Physical |
The PNB sale notice records the reserve price as ₹69.11 lakh and the EMD as ₹6.91 lakh. It also specifies a ₹50,000 bid increase amount and the e-auction date of 24 September 2026. :contentReference[oaicite:4]{index=4}
The notice further advises prospective bidders to inspect the property and satisfy themselves regarding the asset, title, dues and other relevant matters before submitting a bid. :contentReference[oaicite:5]{index=5}
4. Canara Bank – 1,320 Sq.Ft. Flat at S S Colony
Another property appearing in the current Madurai auction listing is a 1,320 sq.ft. residential flat in S S Colony, Madurai. The attached Canara Bank document identifies the flat as Flat No. 311, Third Floor, Arunachalam Apartments.
| Bank | Canara Bank |
| Property Type | Flat – Residential |
| Property ID | CNRB79525085 |
| Location | S S Colony, Madurai |
| Flat Area | 1,320 sq.ft. |
| Reserve Price | ₹58 Lakh |
| Auction Date | 16 September 2026 |
| Auction Time | 12:00 PM to 1:00 PM |
| EMD Last Date | 15 September 2026, 4:00 PM |
| Possession | Symbolic |
The attached Canara Bank notice describes the property as a flat/residential apartment with a super built-up area of 1,320 sq.ft., bearing Flat No. 311 on the third floor of Arunachalam Apartments. :contentReference[oaicite:6]{index=6}
Important: The attached Canara Bank PDF is an earlier sale notice dated 22 April 2026 and contains an earlier auction schedule. The September 2026 date and ₹58 lakh reserve price above are taken from the current property-listing screenshot provided with this article. Prospective bidders should verify the latest Canara Bank sale notice before participating.
5. Indian Bank – Individual House in Madurai
The fifth property in the current list is an individual house in Madurai, with a reserve price of ₹28.40 lakh. The current listing shows the property under Indian Bank and indicates physical possession.
| Bank | Indian Bank |
| Property Type | Individual House – Residential |
| Property ID | IDIBH3271812229A |
| Location | Madurai |
| Area | Not specified in the current listing |
| Reserve Price | ₹28.40 Lakh |
| Auction Date | 21 September 2026 |
| Auction Time | 10:00 AM to 5:00 PM |
| EMD Last Date | 21 September 2026, 4:00 PM |
| Inspection | 15 September 2026 to 16 September 2026, 10:00 AM to 5:00 PM |
| Possession | Physical |
Important: The attached Indian Bank PDF for Property ID IDIBH3271812229A is an older sale notice dated November 2024 and shows an earlier auction schedule and reserve price. Therefore, those old figures have not been used for the current September 2026 listing. The current dates and ₹28.40 lakh reserve price shown above should be verified against the latest Indian Bank sale notice before bidding.
Quick Comparison of the 5 Madurai Auction Properties
| Bank | Property | Area | Reserve Price | Auction Date |
|---|---|---|---|---|
| Punjab & Sind Bank | Individual House – TB Road | 514 sq.ft. | ₹57.15 Lakh | 28-09-2026 |
| State Bank of India | Villa – VNCT Lotus Villas | 1,500 sq.ft. plot / 985 sq.ft. super built-up | ₹38.94 Lakh | 17-09-2026 |
| Punjab National Bank | Individual House – Madurai | 1,200 sq.ft. | ₹69.11 Lakh | 24-09-2026 |
| Canara Bank | Flat – S S Colony | 1,320 sq.ft. | ₹58 Lakh | 16-09-2026 |
| Indian Bank | Individual House – Madurai | Not specified in current listing | ₹28.40 Lakh | 21-09-2026 |
Things to Check Before Participating in a Bank Auction
- Read the latest bank sale notice and complete terms and conditions.
- Verify the property title and ownership documents.
- Check whether the property is under physical, symbolic or constructive possession.
- Inspect the property personally wherever inspection is permitted.
- Check property tax, electricity dues, statutory dues and other liabilities.
- Verify the reserve price, EMD amount, bid increment and EMD deadline.
- Complete bidder registration and KYC well before the auction.
- Understand the payment schedule applicable to the successful bidder.
- Remember that auction properties are generally sold on an “as is where is” and related stated terms basis.
- Take independent legal advice if required before placing a bid.
For example, the SBI terms require bidders to ensure that the EMD is available in the specified bidder wallet and state that a bid, once submitted, is binding subject to the stated auction conditions. :contentReference[oaicite:7]{index=7}
Final Note for Buyers
Bank auction properties should not be treated simply as low-price property listings. The reserve price is only one part of the decision. Property title, possession, encumbrances, outstanding dues, physical condition, access and the bank’s detailed auction terms should all be checked before bidding.
Always refer to the latest official sale notice issued by the concerned bank before making any payment or submitting a bid.
More Bank Auction Property Updates
For more bank auction properties, tender information and auction updates, visit www.cgsn.in.
NammaTender / CGSN provides auction and tender information for informational purposes only. We are not brokers or agents and do not guarantee the title, condition, possession, auction outcome or availability of any property.
Disclaimer: Property details, dates, reserve prices, EMD requirements and auction schedules may be changed, postponed or cancelled by the respective bank. Readers should verify all details from the latest official bank sale notice and auction portal before participating.
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