43.15 sq yard Residential Plot for Auction in Narasaraopet, Narasaraopet – IOB

Property Details

Property type

Residential Plot (Residential)

Possession

Symbolic Possession

Area

43.15 sq yard (≈ 388 sq ft)

Reserve price / sq ft

₹5,333

Locality

Narasaraopet

City

Narasaraopet

State

Andhra Pradesh

Pincode

522601

Address

Narasaraopet, Andhra Pradesh, 522601 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Overseas Bank

Branch

NARASARAOPET-2969

Auction type

SARFAESI Auction

Borrower

SYED F***** C*****

Auction start

29 Sep 2026, 11:00 AM

Auction end

29 Sep 2026, 02:00 PM

EMD submission deadline

29 Sep 2026, 11:00 AM

Inspection

11 Sep 2026, 10:00 AM – 28 Sep 2026, 04:00 PM

Authorised officer

KOTAPATI VENKATA RAMU

Officer contact

7674906939

E-auction portal

BAANKNET (Property ID IOBA2969SFC001)

Price Check

This listing's reserve price works out to ₹5,333 per sq ft. The average across residential bank auctions in Narasaraopet on our site is ₹2,481 per sq ft, so this one is 115% above 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 11 Sep 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IOBA2969SFC001)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 29 Sep 2026, 11:00 AM. It is refunded if you don't win.
5. Bid online on 29 Sep 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.