Kathipudi Plot Auction: Plot – Reserve ₹29.5 Lakh (13 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-363340
Property Description
Here is a fresh bank e-auction worth tracking: the Kathipudi plot auction, offered by Union Bank of India at a reserve of ₹29.5 Lakh. On offer is a plot in Kathipudi, Kakinada (PIN 533444). The online auction runs on 13 October 2026 (12:00 PM to 5:00 PM) with a reserve price of ₹29,50,000.
The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.
Table of Contents
Table of Contents
Kathipudi Plot Auction: Key Highlights
- Reserve price: ₹29,50,000 (₹29.5 Lakh)
- EMD: ₹2,95,000
- Bid increment: ₹29,500
- Auction: 13 October 2026, 12:00 PM to 5:00 PM
- Last date for EMD: 13 October 2026, 4:59 PM
- Location: Kathipudi, Kakinada, Andhra Pradesh
- Possession: Physical
Kathipudi Plot Auction – Complete Details
| Auction ID | 363340 |
| Bank property ID | UBINVSKRJM6523 |
| Bank | Union Bank of India |
| Branch | Asset Recovery Branch, Visakhapatnam |
| Property type | Residential – Plot |
| City / District | Kathipudi, Kakinada |
| State | Andhra Pradesh |
| PIN code | 533444 |
| Type of possession | Physical |
| Type of action | Under SARFAESI |
| Reserve price | ₹29,50,000 |
| EMD | ₹2,95,000 |
| Bid increment | ₹29,500 |
| Auto-extension | 10 minutes per late bid |
About the Location – Kathipudi
Kathipudi is in Kakinada district of Andhra Pradesh, under PIN code 533444. Andhra Pradesh’s property market is led by Visakhapatnam, Vijayawada, Guntur and Tirupati, with port-led and highway-led growth across the coastal districts. The handling branch is Asset Recovery Branch, Visakhapatnam, which is usually the best contact for site visits and local queries.
Is the Kathipudi Plot Auction Worth It?
The EMD of ₹2,95,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Because the reserve price is fixed from a registered valuer’s report, it is often below the market rate – but factor in transfer costs and any dues before deciding your maximum bid. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the Kathipudi Plot Auction
- EMD submission opens: 21 September 2026
- Last date for EMD: 13 October 2026, 4:59 PM
- E-auction: 13 October 2026, 12:00 PM to 5:00 PM
- Auto-extension: 10 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 363340 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9704202010.
- Pay the EMD of ₹2,95,000 through the BAANKNET wallet before 13 October 2026, 4:59 PM.
- Log in on 13 October 2026 and bid above the reserve in steps of ₹29,500; each late bid extends the auction by 10 minutes.
The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.
Due Diligence Checklist Before Bidding
- Obtain the encumbrance certificate and verify the title chain.
- Confirm land use or zoning and road access on site.
- Check the survey sketch, boundaries and any encroachment.
- Verify that property tax and other local dues are clear.
- Read our auction property due diligence checklist before you bid.
Kathipudi Plot Auction: FAQs
What is the reserve price in the Kathipudi plot auction?
The reserve price is ₹29,50,000. Bids below the reserve price are not accepted.
When is the Kathipudi plot auction scheduled?
The e-auction is on 13 October 2026 from 12:00 PM to 5:00 PM. The last date for EMD is 13 October 2026, 4:59 PM.
How much EMD is required?
The earnest money deposit is ₹2,95,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Kathipudi, Kakinada, Andhra Pradesh – 533444.
Where can I see the official sale notice?
Search Auction ID 363340 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Union Bank and Andhra Pradesh Auctions
- All Union Bank of India auction listings
- More residential plot auctions
- Bank auctions in Andhra Pradesh
- Guide: reserve price bidding strategy
Source: Auction ID 363340 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Union Bank of India before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Union Bank of India. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Residential Plots |
|---|---|
| Location | Kathipudi, Kakinada, Kakinada, Andhra Pradesh |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 21 Sep 2026Auction Notice Published
- 13 Oct 2026Last Date for EMD Submission
- 13 Oct 2026, 12:00 PM to 5:00 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.