Tenali Plot Auction: Plot (275 sq ft) – Reserve ₹1.23 Cr (7 Oct 2026)

Here is a fresh bank e-auction worth tracking: the Tenali plot auction, offered by Indian Bank at a reserve of ₹1.23 Cr. On offer is a plot in Tenali, Guntur (PIN 522201), with 275 sq ft carpet area. The online auction runs on 7 October 2026 (10:00 AM to 4:00 PM) with a reserve price of ₹1,22,69,000.

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.

Tenali Plot Auction: Key Highlights

• Reserve price: ₹1,22,69,000 (₹1.23 Cr)
• EMD: ₹12,26,900
• Bid increment: ₹10,000
• Auction: 7 October 2026, 10:00 AM to 4:00 PM
• Last date for EMD: 7 October 2026, 12:00 PM
• Location: Tenali, Guntur, Andhra Pradesh
• Possession: Symbolic

Tenali Plot Auction – Complete Details

Auction ID	364703
Bank property ID	IDIB6695987397A
Bank	Indian Bank
Branch	Tenali
Property type	Residential – Plot
Carpet area	275 sq ft
City / District	Tenali, Guntur
State	Andhra Pradesh
PIN code	522201
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹1,22,69,000
EMD	₹12,26,900
Bid increment	₹10,000
Auto-extension	5 minutes per late bid

About the Location – Tenali

Tenali is in Guntur district of Andhra Pradesh, under PIN code 522201. 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 Tenali, which is usually the best contact for site visits and local queries.

Is the Tenali Plot Auction Worth It?

At the reserve price, the property works out to about ₹44,615 per sq ft of carpet area – compare this with recent resale rates in Tenali before you bid. The EMD of ₹12,26,900 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 Tenali Plot Auction

• Inspection window: 25 September 2026, 11:41 AM to 6 October 2026, 4:00 PM
• EMD submission opens: 24 September 2026
• Last date for EMD: 7 October 2026, 12:00 PM
• E-auction: 7 October 2026, 10:00 AM to 4:00 PM
• Auto-extension: 5 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 364703 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 8790253111.
4. Pay the EMD of ₹12,26,900 through the BAANKNET wallet before 7 October 2026, 12:00 PM.
5. Log in on 7 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.

Tenali Plot Auction: FAQs

More Indian Bank and Andhra Pradesh Auctions

• All Indian Bank auction listings
• More residential plot auctions
• Bank auctions in Andhra Pradesh
• Guide: reserve price bidding strategy

Source: Auction ID 364703 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian Bank before bidding.