4,500 sq feet Flat for Auction in Ongole, Ongole – SBI

Property Details

Property type

Flat (Residential)

Possession

Physical Possession

Area

4,500 sq feet (≈ 4,500 sq ft)

Reserve price / sq ft

₹728

Locality

Ongole

City

Ongole

State

Andhra Pradesh

Pincode

523001

Address

Ongole, Andhra Pradesh, 523001 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

State Bank of India

Branch

ACB TANGUTURU-2796

Auction type

SARFAESI Auction

Borrower

Golla M***** R**

Auction start

09 Oct 2026, 01:35 PM

Auction end

09 Oct 2026, 06:00 PM

EMD submission deadline

09 Oct 2026, 01:30 PM

Inspection

19 Sep 2026, 10:00 AM – 08 Oct 2026, 05:00 PM

Authorised officer

T VENKATA KARUNAKAR

Officer contact

8790964316

E-auction portal

BAANKNET (Property ID SBIN000279612)

Price Check

This listing's reserve price works out to ₹728 per sq ft. The average across residential bank auctions in Ongole on our site is ₹4,970 per sq ft, so this one is 85% 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 19 Sep 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID SBIN000279612)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 09 Oct 2026, 01:30 PM. It is refunded if you don't win.
5. Bid online on 9 Oct 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.