820 sq feet House for Auction in Bakkanapalem, Madhurawada, Visakhapatnam – Canara

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

820 sq feet (≈ 820 sq ft)

Reserve price / sq ft

₹3,537

Locality

Bakkanapalem, Madhurawada

City

Visakhapatnam

State

Andhra Pradesh

Pincode

530041

Address

BAKKANAPALEM, Madhurawada, Andhra Pradesh, 530041 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

VISHAKAPATNAM MADHURAWADA-II-13588

Auction type

SARFAESI Auction

Borrower

YARAMASU A****

Auction start

23 Oct 2026, 02:00 PM

Auction end

23 Oct 2026, 03:00 PM

EMD submission deadline

23 Oct 2026, 01:00 PM

Inspection

26 Sep 2026, 10:00 AM – 22 Oct 2026, 04:00 PM

Authorised officer

DHANJAYA ARAGALA

Officer contact

8331019134

E-auction portal

BAANKNET (Property ID CNRBYARAMASUARUNA)

Price Check

This listing's reserve price works out to ₹3,537 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹5,056 per sq ft, so this one is 30% 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 26 Sep 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRBYARAMASUARUNA)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 23 Oct 2026, 01:00 PM. It is refunded if you don't win.
5. Bid online on 23 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.