Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610203
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹16,04,000
EMD:₹1,60,400
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 valuable plot 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 the SARFAESI Act. It presents a prime opportunity for investment or development in a growing area.
State:Tamil Nadu
City:Tuticorin
Area:Pudhukottai
Asset Category:Residential
Full Address:Sekkarakudi Village, (Covered under Sale Deed No 2922/2012), Sekkarakudi Village, Pudhukottai, Tuticorin
Auction Description
State Bank of India is conducting a SARFAESI auction for residential land in Pudhukottai, Tuticorin, Tamil Nadu. The auction will take place on November 18, 2025, from 11:00 AM to 04:00 PM. The reserve price is set at ₹16,04,000, with an Earnest Money Deposit (EMD) of ₹1,60,400 required. This is a significant opportunity to acquire land in a desirable location.
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 in Pudhukottai, Tuticorin, offers a calculated opportunity due to its potential for development and the relatively low reserve price. However, further due diligence is recommended to ascertain specific land details and local market conditions. Overall, it's a worthwhile consideration for investors with a focus on land acquisition.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
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