Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610223
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹6,76,000
EMD:₹67,600
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 auction features a parcel of land located in Pudhukottai, Tuticorin, Tamil Nadu. The property is categorized as residential land and is being auctioned by the State Bank of India under SARFAESI laws. This presents a prime opportunity to acquire land in a developing area.
State:Tamil Nadu
City:Tuticorin
Area:Pudhukottai
Asset Category:Residential
Full Address:Sekkarakudi Village-I, bearing Patta No.547, S.No. 185/2 & 185/3, Sekkarakudi, Tuticorin
Size:0.68.5 hectare
Auction Description
State Bank of India is conducting a SARFAESI auction for a residential land parcel in Pudhukottai, Tuticorin. 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 ₹6,76,000, with an Earnest Money Deposit (EMD) of ₹67,600 required to participate. This is a direct sale opportunity from the bank.
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 parcel in Tuticorin offers potential for development, though specific auction details are missing. The reserve price seems reasonable, warranting a calculated approach. A deeper understanding of local market trends and the land's specific usage will be essential for maximizing investment return.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
