Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610260
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹18,24,000
EMD:₹1,82,400
Service Provider:BAANKNET
Important Dates
Submission Date:17-11-2025 05:00 PM
Bid Start Date:18-11-2025 11:00 AM
Property Description
This is a prime piece of residential land located in the Pudhukottai area of Tuticorin, Tamil Nadu. The property is being auctioned by the State Bank of India under the SARFAESI Act. Ideal for residential development, this plot offers a great opportunity for investors and individuals seeking to build their dream home or invest in real estate in a developing region.
State:Tamil Nadu
City:Tuticorin
Area:Pudhukottai
Asset Category:Residential
Full Address:Sekkarakudi Village-II, bearing Patta No.35, S. No. 1242/1, Sekkarakudi Village, bearing Patta No.35, S.No. 1833/2, Sekkarakudi Village, bearing Patta No.35, S.No. 1834/4, Karungulam Panchayat Union limits, Pudhukottai, Tuticorin
Size:1.84.5 hectares
Auction Description
The State Bank of India is conducting a SARFAESI auction for a valuable parcel of residential land in Pudhukottai, Tuticorin, Tamil Nadu. The auction will take place on 18-11-2025, starting at 11:00 AM and concluding at 04:00 PM. The reserve price for this property is INR 18,24,000, with an Earnest Money Deposit (EMD) of INR 1,82,400. This is a significant opportunity to acquire land in a developing area. All interested bidders are encouraged to participate.
Borrower Name:M/s. St John Freight Systems Ltd
Auction Type:SARFAESI Auction
Why This Property
The land in Pudhukottai offers a calculated investment opportunity due to its size and location. While details on encumbrances and possession are missing, the reserve price seems reasonable. Further due diligence is required to assess the full potential before bidding.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
