Property for Auction in Tenali, Guntur, Andhra Pradesh
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
Submission Date:02-12-2025 05:00 PM
Bid Start Date:2025-12-03
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
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
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
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.
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Branch Manager
Contact no:9652224283