Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610314
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹48,00,000
EMD:₹4,80,000
Bid Increment:₹25,000
Auction Time:10:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:20-11-2025 05:00 PM
Bid Start Date:2025-11-21
Property Description
This is a land property located in Thanjavur Taluk, Thanjavur, Tamil Nadu. The property is categorized as Residential. It is being auctioned by the State Bank of India under SARFAESI Act. The borrower associated with this property is M/s. Mariammal Electronics.
State:Tamil Nadu
City:Thanjavur
Area:Thanjavur Taluk
Asset Category:Residential
Full Address:46 and 47, Quaide Millath Nagar, S. No. 13, "Quaide Millath Nagar", bearing Plot No. 46 and Plot No. 47, Vilar Vattam and Village, Thanjavur
Building/Society:Quaide Millath Nagar
Size:3012 sq.ft
Auction Description
State Bank of India is conducting a SARFAESI auction for a residential land property in Thanjavur Taluk, Thanjavur, Tamil Nadu. The auction will take place on 21-11-2025, starting at 10:00 AM and concluding at 04:00 PM. The reserve price for this auction is ₹48,00,000, with an Earnest Money Deposit (EMD) of ₹4,80,000 required. This is an excellent opportunity to acquire land in a prime location.
Borrower Name:M/s. Mariammal Electronics
Auction Type:SARFAESI Auction
Guarantor Names:Mr Saran S P
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The property, located in Thanjavur, presents a calculated opportunity due to its land type and reserve price. The physical possession status is positive, but further due diligence is advised to assess the overall investment potential in the local market. The auction terms seem reasonable, but the lack of detailed location insights warrants a cautious approach.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Sri Jidagam S.R.L.Swamy
Contact no:7810068331
