Flat for auction Shorrof Bazar, Salipet Tenali 61 lakh State Bank of India

Property for Auction in Tenali, Guntur, Andhra Pradesh

Recommendation
Calculated OpportunityScore: 6.8
Possession
Symbolic
Size
147 Sq. Yards
Reserve Price
61,14,839
Reserve Price
61,14,839
EMD Required
6,11,483
Property Specifications
Size147 Sq. Yards
FloorGround and First Floor
Possession StatusSymbolic
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Flat
Location IconLocation:
Tenali, Guntur
Auction Date IconAuction Date:
03-12-2025 11:00 AM

Auction Details

Recommendation:Calculated OpportunityScore: 6.8

Auction ID:610907

Bank Name:State Bank of India

Branch Name:Regional office

Reserve Price:61,14,839

EMD:6,11,483

Bid Increment:20,000

Auction Time:11.00 AM to 04.00 PM

Service Provider:BAANKNET

Important Dates

Submission Date:02-12-2025 05:00 PM

Bid Start Date:2025-12-03

Property Description

This is a residential flat located in Tenali, Guntur, Andhra Pradesh. The property is being auctioned by the State Bank of India under the SARFAESI Act. It presents an opportunity for individuals seeking to own a home in a well-established area. Further details regarding the flat's specific dimensions, amenities, and location within Tenali are available upon request or during the auction viewing.

State:Andhra Pradesh

City:Guntur

Area:Tenali

Asset Category:Residential

Full Address:D.No.17-10-55, R.C.C. Roofed Residential Ground and First Floor House, Shorrof Bazar, Salipet, Tenali

Size:147 Sq. Yards

Auction Description

The State Bank of India is conducting a SARFAESI auction for a residential flat in Tenali, Guntur. The auction has a reserve price of INR 61,14,839.00 and requires an Earnest Money Deposit (EMD) of INR 6,11,483.00. The auction will be held on December 3, 2025, commencing at 11:00 AM and concluding at 4:00 PM. Interested bidders are advised to review all auction terms and conditions and conduct their due diligence before participating.

Borrower Name:Shri Chakka Mahesh

Auction Type:SARFAESI Auction

Guarantor Names:Smt. Chakka Padmavathi

Legal Details

Possession Status:Symbolic

Encumbrance Details:Not Known to Bank

Why This Property

The property is a residential flat in Tenali, offered at a reserve price that aligns with market value, making it a calculated opportunity. Location in Shorrof Bazar adds to its appeal. While the auction terms are standard, potential investors should carefully assess the property's condition and local market dynamics.

Contact Details

Branch:Branch Office : Regional office

Service Provider:BAANKNET

Contact Details:

Branch Manager

Contact no:9652224283

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