120 sq yard House for Auction in Markapur, Ongole – Canara

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

120 sq yard (≈ 1,080 sq ft)

Reserve price / sq ft

₹3,796

Locality

Markapur

City

Ongole

State

Andhra Pradesh

Pincode

523316

Address

Markapur, Andhra Pradesh, 523316 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

DORNALA-13666

Auction type

SARFAESI Auction

Borrower

Sri. G***** C***** S** P*****

Auction start

30 Nov 2026, 11:00 AM

Auction end

30 Nov 2026, 04:00 PM

EMD submission deadline

27 Nov 2026, 04:00 PM

Inspection

27 Nov 2026, 11:00 AM – 27 Nov 2026, 03:55 PM

Authorised officer

GAJJELAKONDA RAMANJANEYULU

Officer contact

9703011334

E-auction portal

BAANKNET (Property ID CNRB160000249554)

Price Check

This listing's reserve price works out to ₹3,796 per sq ft. The average across residential bank auctions in Ongole on our site is ₹4,970 per sq ft, so this one is 24% 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 27 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRB160000249554)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 27 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 30 Nov 2026 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.