Property for Auction in Pudhukottai, Tuticorin, Tamil Nadu
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:610234
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹6,52,000
EMD:₹65,200
Service Provider:BAANKNET
Submission Date:17-11-2025 05:00 PM
Bid Start Date:18-11-2025 11:00 AM
This offering presents a unique opportunity to acquire a plot of land in the growing area of Pudhukottai, Tuticorin, Tamil Nadu. The property is categorized as residential land, making it suitable for various development purposes. Located in a region experiencing expansion, this land offers potential for future appreciation. The State Bank of India is facilitating this auction, providing a transparent and secure transaction process.
State:Tamil Nadu
City:Tuticorin
Area:Pudhukottai
Asset Category:Residential
Full Address:S.No. 1880/2A, Sekkarakudi Village-II, Karungulam Panchayat Union limits, Srivaikuntam Taluk, Pudukottai Sub Registration District, Tuticorin Registration District, Sekkarakudi Village-II, Pudhukottai, Tuticorin
Size:1.63 acre
State Bank of India invites sealed bids for the SARFAESI auction of a residential land parcel in Pudhukottai, Tuticorin. 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 is set at ₹6,52,000, with an Earnest Money Deposit (EMD) of ₹65,200 required. This is a prime opportunity to invest in Tamil Nadu's real estate market. Interested parties should review all auction terms and conditions provided by the State Bank of India.
Borrower Name:M/s. St John Freight Systems Ltd
Auction Type:SARFAESI Auction
Encumbrance Details:Not Known to Bank
The property is a land parcel in Tuticorin, offered at a reasonable reserve price. While the location may require further investigation, the low price point and manageable EMD present a calculated opportunity for potential investors. Due diligence is recommended to assess the property's development potential and market value.
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —