All auctions / Tamil Nadu / Madurai
20Oct
5314 square feet Godowns for sale in Madurai
Madurai, Tamil Nadu – 625009
Canara Bank · COIMBATORE SPECIALISED ARM BRANCH
- Reserve price
- ₹2,06,45,000
- EMD
- ₹20,64,500
- Bid increment
- ₹1,00,000
- Area
- 5,314 sq ft
- Price per sq ft
- ₹3,885
This is the 8th auction of this property. The last auction had a reserve of ₹2,06,45,000. Unsold properties usually come back at a lower reserve.
Key dates
- Pay EMD and submit bid by20 Oct 2026, 11:00 AM (EMD closes in 5 days)
- Auction20 Oct 2026, 11:30 AM – 12:30 PM · in 5 days
Auction history
| Auction date | Reserve price | Change | Result |
|---|---|---|---|
| 20 Oct 2026 | ₹2,06,45,000 | — | Upcoming |
| 28 Sep 2026 | ₹2,06,45,000 | -5.0% | Closed |
| 24 Aug 2026 | ₹2,17,32,000 | — | Closed |
| 30 Jul 2026 | ₹2,17,32,000 | -5.0% | Closed |
| 6 Jul 2026 | ₹2,28,76,000 | — | Closed |
| 12 Jun 2026 | ₹2,28,76,000 | -5.0% | Closed |
| 18 May 2026 | ₹2,40,80,000 | — | Closed |
| 24 Apr 2026 | ₹2,40,80,000 | — | Closed |
What you'd pay at the reserve price
- EMD, before the auction
- ₹20,64,500
- Rest of 25% when you win (same or next day)
- ₹30,96,750
- Balance 75%, usually within 15 days
- ₹1,54,83,750
- Stamp duty and registration (about 5–8%, varies by state)
- ₹10.32 L – ₹16.52 L
You may bid above the reserve in steps of ₹1,00,000. If you lose, the EMD is refunded. Check the notice for exact terms and any dues (society, tax, electricity) the buyer must pay.
Property
- Type
- Commercial · Godowns
- Possession
- Symbolic
- Auction type
- Bank sale (SARFAESI)
- Address
- M/s. Priam Oil Mills Address: 269 Nedunkulam, Virathanoor, Madurai South, Madurai
- Borrower
- PRIAM OIL MILL
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