All auctions / Andhra Pradesh / Ongole

119.6 square yard Shops for sale in Ongole

Ongole, Prakasam, Andhra Pradesh – 523001

Canara Bank · SPECIALIZED ARM BRANCH, TIRUPATI

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Reserve price
₹1,64,22,000
EMD
₹16,42,200
Bid increment
₹1,00,000
Area
1,076 sq ft
Price per sq ft
₹15,256

This is the 7th auction of this property. The reserve price is 5.6% lower than at the last auction (₹1,73,87,000 on 18 Sep 2026, 10:30 AM). Unsold properties usually come back at a lower reserve.

Key dates

  1. Inspect the property19 Oct 2026, 11:00 AM – 19 Oct 2026, 4:00 PM
  2. Pay EMD and submit bid by26 Oct 2026, 4:00 PM
  3. Auction27 Oct 2026, 10:30 AM – 11:30 AM · in 11 days

Auction history

Every auction of this property we have on record
Auction dateReserve priceChangeResult
27 Oct 2026₹1,64,22,000-5.6%Upcoming
18 Sep 2026₹1,73,87,000—Closed
21 Aug 2026₹1,73,87,000-5.3%Closed
14 Jul 2026₹1,83,53,000—Closed
10 Jun 2026₹1,83,53,000-5.0%Closed
15 May 2026₹1,93,19,000—Closed
24 Apr 2026₹1,93,19,000—Closed

What you'd pay at the reserve price

EMD, before the auction
₹16,42,200
Rest of 25% when you win (same or next day)
₹24,63,300
Balance 75%, usually within 15 days
₹1,23,16,500
Stamp duty and registration (about 5–8%, varies by state)
₹8.21 L – ₹13.14 L

You may bid above the reserve in steps of ₹1,00,000. 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
Commercial · Shops
Possession
Symbolic
Auction type
Bank sale (SARFAESI)
Address
Prakasam District, Ongole Sub registration, Ongole Municipal Corporation limits, Ongole Town, Mahendra Nagar, Ward no 5, Block no 1-TS. No:2 an extent of 89.70 sq yards (extent is rectified through registered Rectification deed under Doc no: 6994/2005) in it shop no: 28,29,30 an extent of 828 sq ft southern side row rooms from west to east in first floor RCC D no: 37-1-158 (36 to 40) Doc no:5606/2005 Bounded by East: Steps Passage South: Property of Shaik Khasim Adjacent to this property own wall West: Road leads to Mukthinuthalapadu North: 7 ft wide passage Item no: 1 -Prakasam District, Ongole Sub registration, Ongole Municipal Corporation limits, Ongole Town, Mahendra Nagar, Ward no 5, Block no 1-TS. No:2 an extent of 195.1 sq yards of site 1730.2 sq ft in first floor RCC D No: 37-1-158 (36 to 40) (Property under doc no: 6157/2005 dt: 12.09.2005) Bounded by East: This property own wall South: 6 ½ feet wide joint passage West: This property own wall adjacent to Municipal Bazaar North: This property own wall Item no: 2 -Prakasam District, Ongole Sub registration, Ongole Municipal Corporation limits, Ongole Town, Mahendra Nagar, Ward no 5, Block no 1-TS. No:2 an extent of 74.75 sq yards of site in it shop no 10,11 an extent of 485.3 sq ft RCC in ground floor in Southern side row rooms from East to west (the extent is rectified through registered rectification deed bearing document no 6993/2005) D No: 37-1-158 (36 to 40) (Property under doc no: 5607/2005) Bounded by East: Joint wall between this property of Shaik Abdul Khader some extent, joint wall between this property and property of Dilshad. South: Property of Shaik Khasim adjacent to this property own wall West: Property of Shaik Abdul Khader in Ground floor some extent and steps in first floor some extent North: 7 ft wide passage Item no: 3 - Prakasam District, Ongole Sub registration, Ongole Municipal Corporation limits, Ongole Town, Mahendra Nagar, Ward no 5, Block no 1-TS. No:2 an extent of 44.85 sq yards of site (the extent is rectified through registered rectification deed bearing document no 6993/2005) in it RCC Second floor and third floor ACC construction D No: 37-1-158 (36 to 40) (Property under doc no: 5607/2005) Bounded by East: Remaining property of Shaik Abdul Khader South: Property if Shaik Khasim adjacent to this property West: Road leads ti Mukthinuthalapadu North: Property of Pallapati Sameul and others The above items 1 & 2 in total an extent of 119.60 sq yards of site and construction thereon Secon fllor RCC 4465 sft; Third floor ACC 4465 sft (Property under doc 5607/2005 dated 17.08.2005)
Borrower
Sri Dande Srinivasa Rao

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