Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610206
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹4,48,000
EMD:₹44,800
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 for a prime piece of residential land located in Pudhukottai, Tuticorin, Tamil Nadu. The property is being auctioned by the State Bank of India. Ideal for residential development, this land offers a significant investment opportunity in a developing area. The auction presents a chance to acquire valuable real estate directly from the bank.
State:Tamil Nadu
City:Tuticorin
Area:Pudhukottai
Asset Category:Residential
Full Address:Sekkarakudi Village, bearing Patta No.35, Survey No. 1260, Sekkarakudi, Tuticorin
Size:0.45.5 hectare
Auction Description
State Bank of India is conducting a SARFAESI auction for a residential land parcel in Pudhukottai, Tuticorin, Tamil Nadu. The auction will take place on November 18, 2025, from 11:00 AM to 4:00 PM. The reserve price for this valuable asset is ₹4,48,000, with an EMD of ₹44,800 required to participate. This is a direct opportunity to bid on bank-auctioned property.
Borrower Name:M/s. St John Freight Systems Ltd
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The land's location in Tuticorin offers potential for development, but the lack of specific auction dates and limited details require careful due diligence. The relatively low reserve price makes it an attractive opportunity, but further investigation into local market conditions is recommended.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
