SBI Nellore Flat Auction: 2 BHK Flat in Siri Gardens (924 sq ft) – Reserve ₹21.36 Lakh (4 Nov 2026)
Verified Listing Auction Today
Property ID: BKN-367105
Property Description
The SBI Nellore flat auction listed by State Bank of India on the BAANKNET e-auction portal is one of the upcoming flat opportunities in Andhra Pradesh. On offer is a flat in Siri Gardens in Nellore, Sri Potti Sriramulu Nellore (PIN 524002), with 924 sq ft built-up and 785 sq ft carpet area. The online auction runs on 4 November 2026 (11:00 AM to 12:00 PM) with a reserve price of ₹21,36,000.
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
SBI Nellore Flat Auction: Key Highlights
- Reserve price: ₹21,36,000 (₹21.36 Lakh)
- EMD: ₹2,13,600
- Bid increment: ₹10,000
- Auction: 4 November 2026, 11:00 AM to 12:00 PM
- Last date for EMD: 4 November 2026, 10:30 AM
- Location: Nellore, Sri Potti Sriramulu Nellore, Andhra Pradesh
- Possession: Symbolic
SBI Nellore Flat Auction – Complete Details
| Auction ID | 367105 |
| Bank property ID | SBIN15546024 |
| Bank | State Bank of India |
| Branch | Rasmecc Nellore |
| Property type | Residential – Flat |
| Project / building | Siri Gardens |
| Rooms | 2 BHK |
| Built-up area | 924 sq ft |
| Carpet area | 785 sq ft |
| Locality | Siri Gardens Pedda Cherukuru |
| City / District | Nellore, Sri Potti Sriramulu Nellore |
| State | Andhra Pradesh |
| PIN code | 524002 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹21,36,000 |
| EMD | ₹2,13,600 |
| Bid increment | ₹10,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Nellore
Nellore is in Sri Potti Sriramulu Nellore district of Andhra Pradesh, under PIN code 524002. 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 Rasmecc Nellore, which is usually the best contact for site visits and local queries.
Is the SBI Nellore Flat Auction Worth It?
At the reserve price, the property works out to about ₹2,312 per sq ft of built-up area – compare this with recent resale rates in Nellore before you bid. The EMD of ₹2,13,600 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. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the SBI Nellore Flat Auction
- Inspection window: 1 October 2026, 10:00 AM to 31 October 2026, 4:00 PM
- EMD submission opens: 30 September 2026
- Last date for EMD: 4 November 2026, 10:30 AM
- E-auction: 4 November 2026, 11:00 AM to 12:00 PM
- Auto-extension: 5 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 367105 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9666074255.
- Pay the EMD of ₹2,13,600 through the BAANKNET wallet before 4 November 2026, 10:30 AM.
- Log in on 4 November 2026 and bid above the reserve in steps of ₹10,000; each late bid extends the auction by 5 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
- Verify the title documents and the society or builder NOC.
- Check pending maintenance, property tax and utility dues.
- Confirm the possession status and whether the flat is occupied.
- Check the approved plan and occupancy certificate for the building.
- Read our tips for buying bank auction flats before you bid.
SBI Nellore Flat Auction: FAQs
What is the reserve price in the SBI Nellore flat auction?
The reserve price is ₹21,36,000. Bids below the reserve price are not accepted.
When is the SBI Nellore flat auction scheduled?
The e-auction is on 4 November 2026 from 11:00 AM to 12:00 PM. The last date for EMD is 4 November 2026, 10:30 AM.
How much EMD is required?
The earnest money deposit is ₹2,13,600. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Nellore, Sri Potti Sriramulu Nellore, Andhra Pradesh – 524002.
Where can I see the official sale notice?
Search Auction ID 367105 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More SBI and Andhra Pradesh Auctions
- All State Bank of India auction listings
- More flat auctions
- Bank auctions in Andhra Pradesh
- Guide: home loan for auction property
Source: Auction ID 367105 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with State 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 State Bank of India. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Flats & Apartments |
|---|---|
| Built-up Area | 924 sq ft |
| Location | Nellore, Sri Potti Sriramulu Nellore, Sri Potti Sriramulu Nellore, Andhra Pradesh |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 30 Sep 2026Auction Notice Published
- 1 Oct 2026Inspection Starts
- 31 Oct 2026Inspection Ends
- 4 Nov 2026Last Date for EMD Submission
- 4 Nov 2026, 11:00 AM to 12:00 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.