1,984 sq feet Flat for Auction in Nellore, Nellore – SBI

Property Details

Property type

Flat (Residential)

Possession

Physical Possession

Area

1,984 sq feet (≈ 1,984 sq ft)

Reserve price / sq ft

₹1,915

Locality

Nellore

City

Nellore

State

Andhra Pradesh

Pincode

524001

Address

Nellore, Andhra Pradesh, 524001 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

State Bank of India

Branch

SARB VIJAYAWADA-64267

Auction type

SARFAESI Auction

Borrower

Katkuri S***** R****

Auction start

05 Oct 2026, 11:00 AM

Auction end

05 Oct 2026, 04:00 PM

EMD submission deadline

05 Oct 2026, 03:59 PM

Inspection

17 Sep 2026, 10:00 AM – 04 Oct 2026, 04:00 PM

Authorised officer

L AMARNADH BABU

Officer contact

9885603986

E-auction portal

BAANKNET (Property ID SBIN77548171722A)

Price Check

This listing's reserve price works out to ₹1,915 per sq ft. The average across residential bank auctions in Nellore on our site is ₹3,826 per sq ft, so this one is 50% 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 17 Sep 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID SBIN77548171722A)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 05 Oct 2026, 03:59 PM. It is refunded if you don't win.
5. Bid online on 5 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.