Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610201
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹6,16,000
EMD:₹61,600
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 of residential land located in Pudhukottai, Tuticorin, Tamil Nadu. The property is being auctioned by the State Bank of India. The borrower associated with this asset is M/s. St John Freight Systems Ltd. This presents an opportunity to acquire land in a developing area of Tuticorin.
State:Tamil Nadu
City:Tuticorin
Area:Pudhukottai
Asset Category:Residential
Full Address:S.No. 1028, Sekkarakudi Village-II, Srivaikuntam Taluk, Karungulam Panchayat Union limits, Pudukottai Sub Registration District, Tuticorin Registration District, Sekkarakudi Village-II, Pudhukottai, Tuticorin
Size:0.62.50 hectare
Auction Description
State Bank of India is conducting a SARFAESI auction for a land property 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 for this auction is ₹616,000, with an Earnest Money Deposit (EMD) of ₹61,600 required to participate. This is a significant opportunity for potential buyers to acquire property through a bank auction.
Borrower Name:M/s. St John Freight Systems Ltd
Auction Type:SARFAESI Auction
Why This Property
The land in Pudukottai, Tuticorin presents a calculated opportunity due to its location and size, balanced against the relatively low reserve price. Further investigation into local development plans and market conditions is advised. A potential investment, but requires due diligence.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
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