405 sq ft House for Auction in Visakhapatnam – DCB

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

405 sq ft

Reserve price / sq ft

₹3,254

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Address

All That Site Measuring An Extent Of 45 Sq. Yards Or 37.625 Sq. Meters, Together With Rcc Ground Floor House With A Plinth Area Of 405 Sft Thereon With Door No. 61-8-23/1, Municipal Property Tax Assessment No. 1086277679 And Water Tax Assessment No. 1086028118, Covered By Survey No. 50 Of Gullalapalem Village, Within The Limits Of Greater Visakhpatnam Municipal Corporation, Visakhapatnam And In The Jurisdiction Of Gajuwaka Sub Registrar Office, Visakhapatnam District And The Total Property Bounded And Measured As Follows:- Boundaries: East-6 Feet Width Road; South-Joint Wall Between This Property And House Of Adari Saraswathy; West-3 Feet Width Passage; North-Joint Wall Between This Property And House Of Koppanathi Govinda Raju. Measurements: East Wing-11'.0" Feet Or 3.35 Meters; South Wing-37.2" Feet Or 11.33 Meters; West Wing-11.0" Feet Or 3.35 Meters; North Wing-37.2" Feet Or 11.33 Meters. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

DCB Bank

Branch

Vijayawada Branch

Auction type

SARFAESI Auction

Borrower

MR SK M***** R*****

Auction start

06 Oct 2026, 11:30 AM

Auction end

06 Oct 2026, 01:00 PM

EMD submission deadline

05 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2386957

Price Check

This listing's reserve price works out to ₹3,254 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹5,100 per sq ft, so this one is 36% 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 2386957), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹1,32,000 before 05 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 6 Oct 2026 starting above the reserve price, in multiples of ₹15,000.
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.