SBI Ongole Plot Auction 523001: Plot in . (212 sq ft) – Reserve ₹64 Lakh (5 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-364407
Property Description
State Bank of India has put a residential plot up for sale through the SBI Ongole plot auction 523001, open to all registered bidders on BAANKNET. On offer is a plot in . in Ongole, Prakasam (PIN 523001), with 212 sq ft built-up and 212 sq ft carpet area. The online auction runs on 5 October 2026 (11:00 AM to 4:00 PM) with a reserve price of ₹64,00,000.
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 Ongole Plot Auction 523001: Key Highlights
- Reserve price: ₹64,00,000 (₹64 Lakh)
- EMD: ₹6,40,000
- Bid increment: ₹10,000
- Auction: 5 October 2026, 11:00 AM to 4:00 PM
- Last date for EMD: 5 October 2026, 3:55 PM
- Location: Ongole, Prakasam, Andhra Pradesh
- Possession: Symbolic
SBI Ongole Plot Auction 523001 – Complete Details
| Auction ID | 364407 |
| Bank property ID | SBIN200051256590 |
| Bank | State Bank of India |
| Branch | Sarb Vijayawada |
| Property type | Residential – Plot |
| Project / building | . |
| Built-up area | 212 sq ft |
| Carpet area | 212 sq ft |
| Locality | Plot No 16. Ravij Nagar, Ongole |
| City / District | Ongole, Prakasam |
| State | Andhra Pradesh |
| PIN code | 523001 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹64,00,000 |
| EMD | ₹6,40,000 |
| Bid increment | ₹10,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Ongole
This listing falls in Ongole, Prakasam, Andhra Pradesh, postal code 523001. 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 Sarb Vijayawada, which is usually the best contact for site visits and local queries.
Is the SBI Ongole Plot Auction 523001 Worth It?
At the reserve price, the property works out to about ₹30,189 per sq ft of built-up area – compare this with recent resale rates in Ongole before you bid. The EMD of ₹6,40,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Bank e-auctions often close near the reserve price when there are few bidders, which is where well-prepared buyers find value. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the SBI Ongole Plot Auction 523001
- Inspection window: 24 September 2026, 11:00 AM to 4 October 2026, 4:00 PM
- EMD submission opens: 23 September 2026
- Last date for EMD: 5 October 2026, 3:55 PM
- E-auction: 5 October 2026, 11:00 AM to 4:00 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 364407 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9989933474.
- Pay the EMD of ₹6,40,000 through the BAANKNET wallet before 5 October 2026, 3:55 PM.
- Log in on 5 October 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
- 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.
SBI Ongole Plot Auction 523001: FAQs
What is the reserve price in the SBI Ongole plot auction 523001?
The reserve price is ₹64,00,000. Bids below the reserve price are not accepted.
When is the SBI Ongole plot auction 523001 scheduled?
The e-auction is on 5 October 2026 from 11:00 AM to 4:00 PM. The last date for EMD is 5 October 2026, 3:55 PM.
How much EMD is required?
The earnest money deposit is ₹6,40,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Ongole, Prakasam, Andhra Pradesh – 523001.
Where can I see the official sale notice?
Search Auction ID 364407 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 residential plot auctions
- Bank auctions in Andhra Pradesh
- Guide: reserve price bidding strategy
Source: Auction ID 364407 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 | Residential Plots |
|---|---|
| Built-up Area | 212 sq ft |
| Location | Ongole, Prakasam, Prakasam, Andhra Pradesh |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 23 Sep 2026Auction Notice Published
- 24 Sep 2026Inspection Starts
- 4 Oct 2026Inspection Ends
- 5 Oct 2026Last Date for EMD Submission
- 5 Oct 2026, 11:00 AM to 4:00 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.