Commercial property in Ramakuppam gram panchayat, Ramakuppam: Axis Bank auction

The reserve is ₹67,28,738 and the earnest-money deposit (EMD) is ₹6,72,873. The notice prints EMD ₹6,72,873, 80 paise below exact 10% of the reserve.

The stated amount is retained. The published submission deadline is 19 Nov 2026, 5:00 PM IST.

The online auction is a separate event; follow the notice’s payment and document instructions.

Submit the complete offer, EMD by demand draft or pay order, a participation request, self-attested identity and address proof, PAN, a valid email address and contact details by 19 November 2026, 5:00 PM IST.

The schedule names Agri Area Office, Door 5/25/92(3/7), Brodipet, near Sai Baba Temple, Guntur 522002 as the receiving office. The bid form costs ₹250.

The instrument is payable at Andhra Pradesh; confirm the exact payee wording in the bank’s original. Axis checks eligibility and PAN before platform credentials are issued.

Registration or an EMD payment alone does not establish eligibility; any property-specific transfer/use restriction must be confirmed with the authorised officer. The table names Guntur, whereas clause 2 names first-floor Sree Towers, 30-22-79 Eluru Road, Seetharamapuram Circle, Vijayawada 520002.

The draft location is stated only as Andhra Pradesh. Resolve the receiving office and drawee location before payment.

The lender’s sale notice says it has taken physical possession. The notice gives this inspection window and permits another date by prior appointment. Arrange access with Axis; the dated appointment does not itself guarantee access. Ask Axis Bank’s authorised officer before you pay the EMD.

Pay 25% of the accepted bid, including EMD, no later than the next working day after bid confirmation. Pay the remaining 75% within 15 days of sale confirmation.

Default can forfeit the EMD or all amounts paid, lead to resale and make the defaulting buyer liable for resale costs. Unsuccessful EMD is to be returned within seven working days after auction, without interest; the notice excludes interest even if repayment is delayed.

The notice requires the 25% payment by demand draft payable at Andhra Pradesh.

The buyer must ascertain and bear property tax, maintenance, electricity, water/service and other statutory or local dues, and pay stamp duty, registration, transfer fees and applicable taxes. The notice’s statement about known encumbrances is not an independent title or no-dues certificate.

The sale is on an as-is basis without recourse. Inspect title, dimensions, access, occupancy and local transfer/use permissions before bidding.

The bank does not obtain permissions for the buyer; bids cannot be withdrawn after acceptance, and the sale remains subject to bank confirmation. The bank may amend, postpone, cancel or reject offers.

Physical possession stated by the bank is not a guarantee of vacant delivery.

The schedule names augeo.samil.in. Bids increase by ₹25,000; late bids extend the scheduled close in five-minute periods without a stated limit. The notice requires bids above reserve, although another clause says the property cannot be sold below reserve.