240 sq yard Residential Plot for Auction in Chivatam, Tanuku, Bhimavaram – Union Bank

Property Details

Property type

Residential Plot (Residential)

Possession

Physical Possession

Area

240 sq yard (≈ 2,160 sq ft)

Reserve price / sq ft

₹567

Locality

Chivatam, Tanuku

City

Bhimavaram

State

Andhra Pradesh

Pincode

534218

Address

chivatam, Tanuku, Andhra Pradesh, 534218 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Union Bank of India

Branch

UMFB TANUKU-908843

Auction type

SARFAESI Auction

Borrower

m/s d*** f***** a** t*****

Auction start

26 Nov 2026, 12:00 PM

Auction end

26 Nov 2026, 05:00 PM

EMD submission deadline

26 Nov 2026, 05:00 PM

Inspection

25 Nov 2026, 03:00 PM – 25 Nov 2026, 05:00 PM

Authorised officer

parameswar rao

Officer contact

9674588354

E-auction portal

BAANKNET (Property ID UBINVJWBHM0945)

Price Check

This listing's reserve price works out to ₹567 per sq ft. The average across residential bank auctions in Bhimavaram on our site is ₹2,670 per sq ft, so this one is 79% 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 25 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID UBINVJWBHM0945)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 26 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 26 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.