373 sq yard Residential Plot for Auction in Machilipatnam, Machilipatnam – SBI

Property Details

Property type

Residential Plot (Residential)

Possession

Symbolic Possession

Area

373 sq yard (≈ 3,357 sq ft)

Reserve price / sq ft

₹1,043

Locality

Machilipatnam

City

Machilipatnam

State

Andhra Pradesh

Pincode

521001

Address

Machilipatnam, Andhra Pradesh, 521001 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

State Bank of India

Branch

SARB VISAKHAPATNAM-10077

Auction type

SARFAESI Auction

Borrower

M/S S** S** S** F****

Auction start

19 Nov 2026, 11:00 AM

Auction end

19 Nov 2026, 04:00 PM

EMD submission deadline

19 Nov 2026, 03:30 PM

Inspection

07 Nov 2026, 02:30 PM – 18 Nov 2026, 04:00 PM

Authorised officer

Y KIRAN CHAND

Officer contact

9160949910

E-auction portal

BAANKNET (Property ID SBIN200057031311)

Price Check

This listing's reserve price works out to ₹1,043 per sq ft. The average across residential bank auctions in Machilipatnam on our site is ₹9,818 per sq ft, so this one is 89% 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 7 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID SBIN200057031311)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 19 Nov 2026, 03:30 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.