Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610147
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹10,88,000
EMD:₹1,08,800
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 by the State Bank of India for a valuable parcel of land located in Pudhukottai, Tuticorin, Tamil Nadu. The property is categorized as residential land and is being auctioned due to non-payment by the borrower, M/s. St John Freight Systems Ltd. This is a prime opportunity to acquire land in a developing area.
State:Tamil Nadu
City:Tuticorin
Area:Pudhukottai
Asset Category:Residential
Full Address:Tuticorin Registration District, Pudukottai Sub Registration District, Srivaikuntam Taluk, Karungulam union limits, Sekkarakudi Village II, bearing Patta No. 1857, S.No. 1182/1A, Sekkarakudi Village, Tuticorin
Size:1.10.0 hectares
Auction Description
State Bank of India is conducting a SARFAESI auction for a residential land parcel in Pudhukottai, Tuticorin, Tamil Nadu. The auction will take place on November 18, 2025, starting at 11:00 AM and ending at 04:00 PM. The reserve price is set at 10,88,000 INR, with an Earnest Money Deposit (EMD) of 1,08,800 INR. Don't miss this opportunity to bid on this property.
Borrower Name:M/s. St John Freight Systems Ltd
Auction Type:SARFAESI Auction
Why This Property
The property is a land parcel in a rural area, presenting a calculated opportunity for agricultural or long-term investment. The reserve price of ₹1088000.0 seems reasonable, but potential buyers need to conduct thorough due diligence on the land's suitability and local market conditions.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
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