Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610258
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹8,76,000
EMD:₹87,600
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 is a SARFAESI auction for a residential land parcel located in Pudhukottai, Tuticorin, Tamil Nadu. The property is being auctioned by the State Bank of India. The land offers a promising opportunity for development or investment in a developing region. Its specific dimensions and boundaries will be detailed in the full auction notice.
State:Tamil Nadu
City:Tuticorin
Area:Pudhukottai
Asset Category:Residential
Full Address:Sekkarakudi Village, bearing Patta No.891, S.No. 1663/1 and bearing Patta No.892, S.No. 1663/9, Sekkarakudi Village, Pudhukottai, Tuticorin
Size:2.19 acres
Auction Description
The State Bank of India is conducting a SARFAESI auction for a land property in Pudhukottai, Tuticorin, Tamil Nadu. The auction will commence on November 18, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this auction is ₹8,76,000, with an Earnest Money Deposit (EMD) of ₹87,600 required to participate. This is a prime opportunity to acquire a land asset through a transparent auction process.
Borrower Name:M/s. St John Freight Systems Ltd
Auction Type:SARFAESI Auction
Why This Property
The land offers potential due to its size and location in the Tuticorin area. The reserve price is reasonable, but further due diligence is needed regarding encumbrances and local market conditions. This represents a calculated opportunity for investors willing to conduct thorough research.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
