57.37 acres Factory for Sale (Bank Auction) in Thuvarasi Village, Tirunelveli Taluk, Tirunelveli District, Tirunelveli – SBI

Property Details

Property type

Factory (Industrial)

Possession

Physical Possession

Area

57.37 acres (≈ 24,99,037 sq ft)

Reserve price / sq ft

₹38

Locality

Thuvarasi Village, Tirunelveli Taluk, Tirunelveli District

City

Tirunelveli

State

Tamil Nadu

Pincode

627006

Address

Thuvarasi Village, Tirunelveli Taluk, Tirunelveli District, Tamil Nadu, 627006 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

State Bank of India

Branch

SAMB CHENNAI-04105

Auction type

SARFAESI Auction

Borrower

M/s. A**** P*** a** P**** (***** P***** L*****

Auction start

—

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

BAANKNET (Property ID SBINARJUNPULPFACLB)

Price Check

This listing's reserve price works out to ₹38 per sq ft. The average across industrial bank auctions in Tirunelveli on our site is ₹90 per sq ft, so this one is 58% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID SBINARJUNPULPFACLB)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before —. It is refunded if you don't win.
5. Bid online on — starting above the reserve price.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.