Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610195
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹8,28,000
EMD:₹82,800
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 SARFAESI auction by the State Bank of India for a piece of residential land located in Pudhukottai, Tuticorin, Tamil Nadu. The land is associated with the borrower M/s. St John Freight Systems Ltd. This presents a unique opportunity to acquire land in a developing area.
State:Tamil Nadu
City:Tuticorin
Area:Pudhukottai
Asset Category:Residential
Full Address:Sekkarakudi Village-II, bearing Patta No.2736, Survey No.1021/2, Pudhukottai, Tuticorin
Size:2.07 acre
Auction Description
The State Bank of India is conducting an e-auction for a residential land parcel in Pudhukottai, Tuticorin, Tamil Nadu. The auction will take place on November 18, 2025, starting at 11:00 AM and concluding at 04:00 PM. The reserve price is set at ₹8,28,000.00, with an Earnest Money Deposit (EMD) of ₹82,800.00 required to participate. This is a SARFAESI auction.
Borrower Name:M/s. St John Freight Systems Ltd
Auction Type:SARFAESI Auction
Why This Property
The property offers a potential investment in a rural area of Tuticorin, Tamil Nadu. With a relatively low reserve price for the land area, it presents an opportunity, but due diligence is necessary to assess the local market conditions and any potential risks associated with the location and auction terms.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
