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Flat SARFAESI Auction Symbolic Possession

1,150 sq feet Flat for Auction in Vedayapalem, Nellore, Nellore – Canara

Vedayapalem, Nellore, Nellore, Andhra Pradesh · Auction ID #403

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Reserve Price ₹20,30,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 05 Oct 2026, 11:00 AM In 5 days
EMD Last Date 03 Oct 2026, 05:00 PM In 3 days
Area1,150 sq feet

Property Details

Property type
Flat (Residential)
Possession
Symbolic Possession
Area
1,150 sq feet (≈ 1,150 sq ft)
Reserve price / sq ft
₹1,765
Locality
Vedayapalem, Nellore
Pincode
524004
Address
VEDAYAPALEM, Nellore, Andhra Pradesh, 524004 View on map

Description (as per sale notice)

Nellore Registration District, Nellore Sub-registration, Vedayapalem Area, Sno: 69/1, 69/3, 73/2, 72/2 laid out into plots as per approved plan of Gram Panchayat, Municipal Ward No:26-1, Near to D. no:1565, Plot No: 31 of extent 40 ankanams bounded by: East:30 ft road South: plot no.32 West: Plot No.17 North: Plot No.30

BAANKNET Property ID: CNRBRAMASITA

Bank & Auction Details

Bank / Lender
Canara Bank
Branch
SPECIALISED SME BRANCH, NELLORE-13503
Auction type
SARFAESI Auction
Borrower
RAMASITA C*****
Auction start
05 Oct 2026, 11:00 AM
Auction end
05 Oct 2026, 01:00 PM
EMD submission deadline
03 Oct 2026, 05:00 PM
Inspection
25 Sep 2026, 11:00 AM – 03 Oct 2026, 04:00 PM
Authorised officer
TAPAN KUMAR SAHU
Officer contact
9861870224

Price Check

This listing's reserve price works out to ₹1,765 per sq ft. The average across residential bank auctions in Nellore on our site is ₹3,826 per sq ft, so this one is 54% 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 25 Sep 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID CNRBRAMASITA)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 03 Oct 2026, 05:00 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 Canara Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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