Property for Auction in Pudhukottai, Tuticorin, Tamil Nadu
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610193
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹9,08,000
EMD:₹90,800
Service Provider:BAANKNET
Submission Date:17-11-2025 05:00 PM
Bid Start Date:18-11-2025 11:00 AM
This auction features a significant parcel of land located in Pudhukottai, Tuticorin, Tamil Nadu. The property, categorized as residential, offers a valuable opportunity for development or investment in a growing region. It is being auctioned by the State Bank of India under the SARFAESI Act. The land is situated in an accessible area of Tuticorin, making it an attractive prospect for potential buyers. This is a direct sale from the bank, providing a clear title and a straightforward transaction process.
State:Tamil Nadu
City:Tuticorin
Area:Pudhukottai
Asset Category:Residential
Full Address:Sekkarakudi Village, bearing Patta No. 1775, Survey No. 1856/3, Survey No. 1856/4, Sekkarakudi, Pudhukottai
Size:2.27 acres
The State Bank of India is conducting a SARFAESI auction for a prime piece of land in Pudhukottai, Tuticorin, Tamil Nadu. The auction will commence on November 18, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this residential land is set at ₹908,000, with an Earnest Money Deposit (EMD) of ₹90,800 required to participate. This is a fantastic opportunity to acquire a valuable asset directly from the bank. Prospective bidders are advised to conduct their due diligence prior to the auction date.
Borrower Name:M/s. St John Freight Systems Ltd
Auction Type:SARFAESI Auction
Encumbrance Details:Not Known to Bank
The land in Pudukottai presents a calculated opportunity due to its location and size. With a relatively low reserve price of ₹908000.0, it could be a worthwhile investment. Further due diligence is required to assess local market conditions and potential for appreciation.
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
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