The victim identified as Sriram Meena, a government official, was alone at his house in Jagannathpuri locality when the incident occurred around midnight.
The accused barged into the house from and killed Meena before decamping with valuables, police said, adding, that the victim was hit with sharp edged weapons.
The incident came to light when Meena's domestic help entered the house in the morning and found him lying in a pool of blood.
The victim's wife had gone to her parents house last night, police said, adding, that the matter is being probed.