Apartments/Flat for sale in Kakinada, Kakinada, Andhra Pradesh
Asset Details
Reserve Price:
Date of E-Auction: 17/Jan/2025 11:00 
Assets Code: BOA-EB-291151
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area (Sq feet): None
Builtup Area (Sq feet): NA
Address
Plot No.3&4 Near Door No.6-147/2, Sy No.97/3,97/7,98/1, Toorangi Village, Kakinada Rural, Kakinada 533016
Additional Details
ITEM NO – 1 : All that site measuring an extent of Ac.0.99 cents land in S.No:97/3, in S.No:98/1 an extent of Ac.0.74 cents and in S.No:97/7 an extent of 0.06 cents a total extent of Ac. 1.79 cents as per measurements Ac.1.87 cents divide into house sites, plot no:4, house site to an extent of 337 ½ sq. yards at East Godavari District, Kakinada Sub- registry, Kakinada Mandal, Turangi Gram Panchayath, Turangi village within the following boundaries with all usufruct, water, ways and all easementary rights: East : 45 feet land of Yedidi Anasuyamma West : 45 feet plot No. 3 South : 67.6 feet 20 feet width road North : 67.6 feet plot no:2.ITEM NO - 2 :All that site measuring an extent of Ac.0.99 cents in S.No:97/3, in S.No:98/1 an extent of Ac.0.74 cents and in S.No:97/7 an extent of Ac.0.06 cents, a total extent of Ac.1.79 cents as per measurements Ac.1.87 cents divided into house sites, plot no :3, house site to an extent of 337 ½ sq.yards at East Godavari District, Kakinada Sub-registry, Kakinada Mandal, Turangi Gram Panchayat, Turangi village within the following boundaries with all usufruct, water, ways and all easementary rights: East : 45 feet Plot no:4 West : 45 feet 25 feet width proposed road South : 67.6 feet 20 feet width road North : 67.6 feet plot no:1 site sold to Sangeetha Vidya SagarBoth the above Properties are in the name of Sri Pothana Seshagiri Rao, S/O Appalaraju.
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Insights
Seller’s Reserve Price
The reserve price set by the seller for a property auction excludes all property-related dues like taxes, utilities, maintenance, and industrial authority fees.
Earnest Money Deposit (EMD)
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Possession Status
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SARFAESI Act
The SARFAESI Act, an abbreviation for the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, is legislation implemented in India to empower banks and financial institutions in efficiently recovering their non-performing assets (NPAs). This act grants banks the authority to seize and sell properties of defaulting borrowers without court intervention, providing a legal framework for the swift resolution of distressed assets. By enabling banks to enforce their security interests effectively, the SARFAESI Act significantly aids in loan recovery and upholds financial system stability. Access the Act here.
