Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610221
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹11,52,000
EMD:₹1,15,200
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 vacant land parcel located in Pudhukottai, Tuticorin, Tamil Nadu. The property is categorized as residential and is being auctioned by the State Bank of India under SARFAESI rules. It presents an opportunity for development or investment in a growing area.
State:Tamil Nadu
City:Tuticorin
Area:Pudhukottai
Asset Category:Residential
Full Address:Sekkarakudi Village, bearing Patta No. 1406, S.No.422, Sekkarakudi Village, Pudhukottai, Tuticorin
Size:1.16.50 hectare
Auction Description
State Bank of India is conducting a SARFAESI auction for a residential land in Pudhukottai, Tuticorin, Tamil Nadu. The auction will take place on November 18, 2025, between 11:00 AM and 04:00 PM. The reserve price is set at ₹11,52,000, with an Earnest Money Deposit (EMD) of ₹1,15,200 required to participate. This auction is an opportunity to acquire valuable land in Tamil Nadu.
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 property represents a calculated opportunity due to its location in Pudhukottai. While the reserve price is competitive, further due diligence is advised to assess the market demand and potential for appreciation in this specific locale, which is why the recommendation is 'Calculated Opportunity'.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
