93.07 sq yard House for Auction in Kakinada, Kakinada – Canara

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

93.07 sq yard (≈ 837 sq ft)

Reserve price / sq ft

₹2,849

Locality

Kakinada

City

Kakinada

State

Andhra Pradesh

Pincode

533004

Address

KAKINADA, Andhra Pradesh, 533004 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

SPECIALIZED ARM BRANCH VISAKHAPATNAM-II

Auction type

SARFAESI Auction

Borrower

PEETALA S*****

Auction start

22 Oct 2026, 01:00 PM

Auction end

22 Oct 2026, 02:00 PM

EMD submission deadline

22 Oct 2026, 01:50 PM

Inspection

15 Oct 2026, 10:00 AM – 15 Oct 2026, 06:00 PM

Authorised officer

KOTESWARA RAO

Officer contact

9618359294

E-auction portal

BAANKNET (Property ID CNRB13591PITHALA)

Price Check

This listing's reserve price works out to ₹2,849 per sq ft. The average across residential bank auctions in Kakinada on our site is ₹1,992 per sq ft, so this one is 43% 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 15 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRB13591PITHALA)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 22 Oct 2026, 01:50 PM. It is refunded if you don't win.
5. Bid online on 22 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.