Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610257
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹5,32,000
EMD:₹53,200
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 of a land parcel located in Pudhukottai, Tuticorin, Tamil Nadu, offered by the State Bank of India. The property is categorized as residential land. It is a valuable opportunity to acquire land in a developing area.
State:Tamil Nadu
City:Tuticorin
Area:Pudhukottai
Asset Category:Residential
Full Address:Sekkarakudi Village-II, bearing Patta No.278. S.No. 1264/1, Sekkarakudi Village, Tuticorin
Size:0.54.0 hectare
Auction Description
The State Bank of India is conducting a SARFAESI auction for a residential land property in Pudhukottai, Tuticorin, Tamil Nadu. The auction will take place on 18-11-2025, starting at 11:00 AM and closing at 04:00 PM. The reserve price is ₹5,32,000, with an Earnest Money Deposit (EMD) of ₹53,200. This auction presents a chance to acquire the land from M/s. St John Freight Systems Ltd.
Borrower Name:M/s. St John Freight Systems Ltd
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
Located in Tuticorin, this land offers a calculated opportunity, given its agricultural potential and the presence of nearby industrial and commercial activities. While the reserve price is reasonable, potential investors should conduct thorough due diligence regarding encumbrances and local regulations. The auction terms provide a standard opportunity for acquisition.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
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