58.5 sq yd Flat for Auction in Visakhapatnam – KVB

Property Details

Property type

Flat (Residential)

Possession

Not specified

Area

58.5 sq yd (≈ 526 sq ft)

Reserve price / sq ft

₹6,458

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Address

Residential flat, entire ground floor measuring 900 Sq.Ft in Ground Floor and an extent of 58.5 Sq. Yds being undivided and unspecified share out of the total extent of 117 Sq. Yds, along with space for scooter parking in ground floor situated at D.No.12-80/9, Plot No.H, S.No.265/4, H Marked Site, Pendurthi Village, Pendurthi Mandalam, GVMC, Visakhapatnam standing in the name of Sri Silla Srinivasa Rao, S/o S. Prasada Rao acquired through Registered Sale Deed No. 1839/2021 dt.21.05.2021 and secured to our Bank vide MOD No.2957/2021 dt.01.06.2021 Bounded by: Boundaries of entire Building: North: Apartment of Sai Madhuri Constructions, East: 20 Feet road, West: F, G Marks site, South: I Marked site. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Karur Vysya Bank

Branch

Pendurthi Branch

Auction type

SARFAESI Auction

Borrower

Sri S**** S***** R**

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 2377875

Price Check

This listing's reserve price works out to ₹6,458 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹5,056 per sq ft, so this one is 28% 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 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 2377875), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,40,000 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 ₹25,000.
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.