Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:610259
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹13,40,000
EMD:₹1,34,000
Service Provider:BAANKNET
Important Dates
Submission Date:17-11-2025 05:00 PM
Bid Start Date:18-11-2025 11:00 AM
Property Description
Prime land parcel located in Pudhukottai, Tuticorin, Tamil Nadu. This residential land offers a significant opportunity for development or investment in a growing region. The property is being auctioned by the State Bank of India under the SARFAESI Act.
State:Tamil Nadu
City:Tuticorin
Area:Pudhukottai
Asset Category:Residential
Full Address:Sekkarakudi Village, bearing Patta No. 1260, S.No. 1750/2 and Sekkarakudi Village, bearing Patta No.1619, S.No.1039/4, Sekkarakudi Village, Pudhukottai, Tuticorin
Size:3.35 acres
Auction Description
State Bank of India presents a SARFAESI auction for a valuable land property in Pudhukottai, Tuticorin, Tamil Nadu. The auction commences on November 18, 2025, at 11:00 AM and concludes at 04:00 PM on the same day. The reserve price for this asset is ₹13,40,000, with an Earnest Money Deposit (EMD) of ₹1,34,000 required. This is an excellent opportunity to acquire property directly through a bank auction.
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 offers decent potential due to its size and location in Tuticorin. The reserve price seems reasonable, but further due diligence is required regarding local market conditions and potential encumbrances. A calculated approach is advised for this investment.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
