Property for Auction in Pudhukottai, Tuticorin, Tamil Nadu
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:610241
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹6,64,000
EMD:₹66,400
Service Provider:BAANKNET
Submission Date:17-11-2025 05:00 PM
Bid Start Date:18-11-2025 11:00 AM
This is a prime piece of land located in Pudhukottai, Tuticorin, Tamil Nadu. As a residential asset, this land offers excellent potential for development or investment in a rapidly growing area. The property is being auctioned by the State Bank of India under SARFAESI regulations. Situated in the vibrant city of Tuticorin, this land presents a unique opportunity for discerning buyers looking for a valuable asset in South India. Its strategic location ensures good connectivity and accessibility.
State:Tamil Nadu
City:Tuticorin
Area:Pudhukottai
Asset Category:Residential
Full Address:Sekkarakudi Village, bearing Patta No. 1878, S.No. 1678/2, Sekkarakudi Village, Pudhukottai, Tuticorin
Size:2.57 acres
The State Bank of India is conducting a SARFAESI auction for a valuable land parcel in Pudhukottai, Tuticorin, Tamil Nadu. The auction will take place on November 18, 2025, with bidding open from 11:00 AM to 4:00 PM. The reserve price for this residential land is INR 6,64,000, and the Earnest Money Deposit (EMD) required is INR 66,400. This is a direct opportunity from the bank to acquire a property previously associated with M/s. St John Freight Systems Ltd. Don't miss this chance to bid on a significant real estate asset.
Borrower Name:M/s. St John Freight Systems Ltd
Auction Type:SARFAESI Auction
Encumbrance Details:Not Known to Bank
The land in Pudhukottai presents a calculated opportunity due to its potential for agricultural or developmental use. While the location may not be prime, the relatively low reserve price makes it a reasonable investment with careful planning. Auction terms and encumbrance details should be thoroughly vetted before bidding.
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
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