532.4 sq yard Commercial Building for Auction in Srikakulam, Srikakulam – Canara

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

532.4 sq yard (≈ 4,791 sq ft)

Reserve price / sq ft

₹687

Locality

Srikakulam

City

Srikakulam

State

Andhra Pradesh

Pincode

532001

Address

SRIKAKULAM, Andhra Pradesh, 532001 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

SPECIALIZED ARM BRANCH VISAKHAPATNAM-II

Auction type

SARFAESI Auction

Borrower

SREE S***** I*****

Auction start

19 Nov 2026, 01:00 PM

Auction end

19 Nov 2026, 02:00 PM

EMD submission deadline

19 Nov 2026, 01:50 PM

Inspection

12 Nov 2026, 10:00 AM – 12 Nov 2026, 06:00 PM

Authorised officer

KOTESHWARA RAO

Officer contact

9618359294

E-auction portal

BAANKNET (Property ID CNRB13591SREESAR2)

Price Check

This listing's reserve price works out to ₹687 per sq ft. The average across commercial bank auctions in Srikakulam on our site is ₹681 per sq ft, so this one is 1% above 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.

Previous Auctions of This Property

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 12 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRB13591SREESAR2)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 19 Nov 2026, 01:50 PM. It is refunded if you don't win.
5. Bid online on 19 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.