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2 BHK Plot for sale in GUNJI HANUMANTHA RAO, Madhurawada Madhurawada

Madhurawada, Visakhapatnam, Andhra Pradesh – 530048

State Bank of India · SARB VISAKHAPATNAM-10077

Open sale notice (PDF) View on BAANKNET

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Reserve price
₹98,00,000
EMD
₹9,80,000
Bid increment
₹50,000
Area
2,316 sq ft
Price per sq ft
₹4,231

This is the 6th auction of this property. The reserve price is 10.1% lower than at the last auction (₹1,09,00,000 on 21 Sep 2026, 11:00 AM). Unsold properties usually come back at a lower reserve.

Key dates

  1. Inspect the property1 Oct 2026, 10:00 AM – 15 Oct 2026, 4:00 PM
  2. Pay EMD and submit bid by16 Oct 2026, 3:55 PM (EMD closes tomorrow)
  3. Auction16 Oct 2026, 11:00 AM – 4:00 PM · tomorrow

Auction history

Every auction of this property we have on record
Auction dateReserve priceChangeResult
16 Oct 2026₹98,00,000-10.1%Upcoming
21 Sep 2026₹1,09,00,000—Closed
5 Aug 2026₹1,09,00,000—Closed
23 Jun 2026₹1,09,00,000-9.9%Closed
4 Mar 2026₹1,21,00,000—Closed
28 Jan 2026₹1,21,00,000—Closed

What you'd pay at the reserve price

EMD, before the auction
₹9,80,000
Rest of 25% when you win (same or next day)
₹14,70,000
Balance 75%, usually within 15 days
₹73,50,000
Stamp duty and registration (about 5–8%, varies by state)
₹4.90 L – ₹7.84 L

You may bid above the reserve in steps of ₹50,000. If you lose, the EMD is refunded. Check the notice for exact terms and any dues (society, tax, electricity) the buyer must pay.

Property

Type
Residential · Plot
Possession
Symbolic
Auction type
Bank sale (SARFAESI)
Address
All that piece and parcel of Residential site of an extent of 257.33 Sq. Yds or 215.127 Sq. Mts, Patta No. 37, Plot No. 08, covered in Survey No. 171/3P, Madhurawada Village and Rural Mandal within the limits of GVMC and standing in the name of Sri. Gunji Hanumantha Rao, S/o. Late Venkata Subbayya vide Regd. Sale Deed No. 7230/2014, Dt. 03.12.2014, SRO, Madhurawada, Visakhapatnam District
Borrower
M/s Sri Sampath Traders

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