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Commercial Building SARFAESI Auction Physical Possession

115.2 sq feet Commercial Building for Auction in Nellore, Nellore – SBI

Nellore, Nellore, Andhra Pradesh · Auction ID #341

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Commercial Building photo 1 Commercial Building photo 2 Commercial Building photo 3 Commercial Building photo 4 Commercial Building photo 5 Commercial Building photo 6
Reserve Price ₹72,00,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 05 Oct 2026, 11:00 AM In 5 days
EMD Last Date 05 Oct 2026, 03:59 PM In 5 days
Area115.2 sq feet

Property Details

Property type
Commercial Building (Commercial)
Possession
Physical Possession
Area
115.2 sq feet (≈ 115 sq ft)
Reserve price / sq ft
₹62,500
Locality
Nellore
Pincode
524002
Address
NELLORE, Andhra Pradesh, 524002 View on map

Description (as per sale notice)

All that piece and parcel of property situated in Sri Potti Sriramulu Nellore District, within the Registration District (R.D.) limits of Nellore and the Sub-Registrar (S.R.) jurisdiction of Nellore, falling under the limits of Nellore Municipal Corporation, located at Mandapala Street (Achari Street), Nellore Town, Ward No. 13, bearing Old Door No. 83. New Door No. 73, Assessment No. 16075, Out of a total extent of 7 Ankanams of site, an extent of 4 Ankanams (equivalent to 32 Sq. Yards) situated on the northern side is bounded as follows (Property belonging to Sri Muvvala Sai Sashank, S/o. Muvvala Sudha Venkateswara Rao, Vide Document No.7409/2013, dated. 24.10.2013),

BAANKNET Property ID: SBIN77824933745

Bank & Auction Details

Bank / Lender
State Bank of India
Branch
SARB VIJAYAWADA-64267
Auction type
SARFAESI Auction
Borrower
M/S S**** G*** ,***** M***** S** S*****
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, 11:00 AM – 04 Oct 2026, 04:45 PM
Authorised officer
Y MUKTESHWARA RAO
Officer contact
8886640777

Price Check

This listing's reserve price works out to ₹62,500 per sq ft. The average across commercial bank auctions in Nellore on our site is ₹12,051 per sq ft, so this one is 419% 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 17 Sep 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID SBIN77824933745)), 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.

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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