Singarayakonda House Auction: Individual House – Reserve ₹13.82 Lakh (13 Oct 2026)

The Singarayakonda house auction listed by Union Bank of India on the BAANKNET e-auction portal is one of the upcoming house opportunities in Andhra Pradesh. On offer is a individual house in Singarayakonda, Prakasam (PIN 523101). The online auction runs on 13 October 2026 (12:00 PM to 5:00 PM) with a reserve price of ₹13,82,000.

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.

Singarayakonda House Auction: Key Highlights

• Reserve price: ₹13,82,000 (₹13.82 Lakh)
• EMD: ₹1,38,200
• Bid increment: ₹13,820
• Auction: 13 October 2026, 12:00 PM to 5:00 PM
• Last date for EMD: 13 October 2026, 12:00 PM
• Location: Singarayakonda, Prakasam, Andhra Pradesh
• Possession: Symbolic

Singarayakonda House Auction – Complete Details

Auction ID	366267
Bank property ID	UBINVJWONG1587
Bank	Union Bank of India
Branch	Singarayakonda
Property type	Residential – Individual House
City / District	Singarayakonda, Prakasam
State	Andhra Pradesh
PIN code	523101
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹13,82,000
EMD	₹1,38,200
Bid increment	₹13,820
Auto-extension	10 minutes per late bid

About the Location – Singarayakonda

This listing falls in Singarayakonda, Prakasam, Andhra Pradesh, postal code 523101. 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 Singarayakonda, which is usually the best contact for site visits and local queries.

Is the Singarayakonda House Auction Worth It?

The EMD of ₹1,38,200 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 Singarayakonda House Auction

• Inspection window: 12 October 2026, 12:00 PM to 12 October 2026, 5:00 PM
• EMD submission opens: 28 September 2026
• Last date for EMD: 13 October 2026, 12:00 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

1. Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
2. Search for Auction ID 366267 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9853143606.
4. Pay the EMD of ₹1,38,200 through the BAANKNET wallet before 13 October 2026, 12:00 PM.
5. Log in on 13 October 2026 and bid above the reserve in steps of ₹13,820; 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.
• Check pending property tax, electricity and water dues.
• Confirm the possession status and whether the property is occupied.
• Verify the approved plan and the condition of the building.
• Read our buying bank auction houses and villas before you bid.

Singarayakonda House Auction: FAQs

More Union Bank and Andhra Pradesh Auctions

• All Union Bank of India auction listings
• More house auctions
• Bank auctions in Andhra Pradesh
• Guide: symbolic vs physical possession explained

Source: Auction ID 366267 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.