625.62 sq yd Residential Plot for Auction in Visakhapatnam – KVB

Property Details

Property type

Residential Plot (Residential)

Possession

Not specified

Area

625.62 sq yd (≈ 5,630 sq ft)

Reserve price / sq ft

₹1,243

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Address

Residential vacant land in an extent of 625.62 Sq. Yds at S.No.263/4/A/2. Vellanki Village, Vellanki Panchayathi, Anandapuram Mandal, Visakhaptnam standing in the name of Sri Emmadisetty Leela Venkata Raghava Pavan Kumar, S/o Sri Sri E Hari Prasada Rao vide Registered Sale Deed No 3328/2019 dt. 14.06.2019 and Rectification deed No. 4606/2019, dt. 10.07.2019 secured to the Bank MOD No. 4951/2019 dt. 22.08.2019 and Bounded by: North: Remaining Property belongs to Pitta Madhava Rao; East: Road: West: Land belongs to Pradhana Rajendra Prasad, South: Site of Tonangi Appanna and Sadi narsinga Rao sold to others View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Karur Vysya Bank

Branch

Akkayapalem Branch

Auction type

SARFAESI Auction

Borrower

Sri E***** L**** V***** R***** P**** K****

Auction start

07 Oct 2026, 11:00 AM

Auction end

07 Oct 2026, 12:00 PM

EMD submission deadline

06 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2407835

Price Check

This listing's reserve price works out to ₹1,243 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹5,056 per sq ft, so this one is 75% 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 the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (bankauctions.in (4Closure) · Listing 2407835), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹7,00,000 before 06 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 7 Oct 2026 starting above the reserve price, in multiples of ₹50,000.
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.