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House SARFAESI Auction Symbolic Possession

3,918 sq meter House for Auction in Sri Lakshmi Narasimha Swamy Nagar, Usmansaheb Peta, Nellore, Nellore – SBI

Sri Lakshmi Narasimha Swamy Nagar, Usmansaheb Peta, Nellore, Nellore, Andhra Pradesh · Auction ID #266

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Reserve Price ₹1,75,00,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 05 Oct 2026, 11:00 AM In 5 days
EMD Last Date 05 Oct 2026, 04:00 PM In 5 days
Area3,918 sq meter

Property Details

Property type
House (Residential)
Possession
Symbolic Possession
Area
3,918 sq meter (≈ 42,172 sq ft)
Reserve price / sq ft
₹415
Locality
Sri Lakshmi Narasimha Swamy Nagar, Usmansaheb Peta, Nellore
Pincode
524002
Address
Sri Lakshmi Narasimha Swamy Nagar, Usmansaheb Peta, Nellore, Andhra Pradesh, 524002 View on map

Description (as per sale notice)

SCHEDULE OF THE PROPERTY: (Reg. Sale Deed No.2627/1998, Dated 30-04-1998 in favour of Smt Raja Leelavathi W/o Raja Ravindra Prasad) Sri Pottisriramulu Nellore Registration District – Nellore Sub-registration Area – Nellore Municipal corporation-Nellore Town, Usmansahebpet Area in Municipal Ward No.4,Old Door No.169 and New Door No.493 an extent of AC 3.87 cents of Land Converted in the House Plots of “SRI LAKSHMI SWAMY NAGAR” as per Plan Plot bearing No.8,in C- Block, consisting an extent of 25 Ankanams or 167.225 Sqmts of Site and RCC Roof House in Ground and First Floor Therein with Assessment No (or) Consumer ID No.1031004602.within the following boundaries: Boundaries: East : 21 ft wide Layout Road South : Site in Plot No.9 (C-Block) West : Site in Plot No.3 (C-Block) North : Site in Plot No.7 (C-Block) An extent of 25 Ankanams of site and RCC Roof House in Ground and First Floors There-in within the above referred Boundaries with all its easementary rights

BAANKNET Property ID: SBIN620280387150

Bank & Auction Details

Bank / Lender
State Bank of India
Branch
MSME NELLORE-21228
Auction type
SARFAESI Auction
Borrower
Raja R***** P*****
Auction start
05 Oct 2026, 11:00 AM
Auction end
05 Oct 2026, 05:00 PM
EMD submission deadline
05 Oct 2026, 04:00 PM
Inspection
20 Sep 2026, 09:05 AM – 30 Sep 2026, 05:00 PM
Authorised officer
B LAKSHMIPATHI
Officer contact
8008804636

Price Check

This listing's reserve price works out to ₹415 per sq ft. The average across residential bank auctions in Nellore on our site is ₹3,826 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 20 Sep 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID SBIN620280387150)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 05 Oct 2026, 04:00 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.

Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with State Bank of India. Always verify every detail with the official notice and the authorised officer before paying any money.

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