0.03 cent House for Auction in Visakhapatnam – LIC HFL

Property Details

Property type

House (Residential)

Possession

Not specified

Area

0.03 cent (≈ 13 sq ft)

Reserve price / sq ft

₹4,13,160

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Address

All the site measuring Ac 0.03 cents or 151.19 sq.yds or 126.41 Sq.mts, together with RCC roofed residential house thereon situated in East side of total extent of Ac 0.06 cents, near door no.1-1. situated in Survey no.138/6 of zeroyiti dry land of Palteru village and grama panchayat, Payakaraopeta mandal, Nakkapalli SRO, Visakhapatnam District and property Bounded by: East: Remaining land of Telugunta Subba Rao, South: Land belonging to Telugunta Suryanarayana, West: Remaining site of executant, North: 10 feet wide road. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

LIC Housing Finance

Branch

LIC Housing Finance Limited, Thikkanna Road, Visakhapatnam - BO

Auction type

SARFAESI Auction

Borrower

Mr. A***** B****

Auction start

19 Nov 2026, 11:00 AM

Auction end

19 Nov 2026, 01:00 PM

EMD submission deadline

18 Nov 2026, 04:00 PM

Inspection

09 Nov 2026, 11:00 AM – 09 Nov 2026, 04:00 PM

Authorised officer

—

Officer contact

—

E-auction portal

C1 India

Price Check

This listing's reserve price works out to ₹4,13,160 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹4,880 per sq ft, so this one is 8366% 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 (open notice).
2. Inspect the property on 9 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (C1 India), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹5,40,000 before 18 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 19 Nov 2026 starting above the reserve price, in multiples of ₹10,000.
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.