3 sq yd Land & Building for Auction in Ongole – Chola

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

3 sq yd (≈ 27 sq ft)

Reserve price / sq ft

₹5,55,556

Locality

—

City

Ongole

State

Andhra Pradesh

Address

Descriptions of the property: Property Belongs to Bodavula Sulochana (Co-Applicant): All that Piece and Parcel of land & building in Old Prakasam District Present Bapatla District, Chirala Sub District, Vetapalem Mandal, Kothapet Grampanchayat. Kothapet Village S.No.467/1 LL.T.D.Company Colony, Ward:2, Plot No.76, Block No.4, Door No.4-112, Extent: 458 1/3 Sq yards or 381 Sq.metres site and G.F.2000 Sq. Feet R.C.C Building and F.F. 2000 Sq. Feet R.C.C Building, T.F 2000 Sq. Feet R.C.C. Building Bounded by: Boundaries: North: Plot No.75, South: Road, East: Plot No.82. West: Road View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Cholamandalam Investment and Finance Company

Branch

NTR Dist

Auction type

SARFAESI Auction

Borrower

Suresh B*** B*****

Auction start

04 Dec 2026

Auction end

04 Dec 2026, 01:00 PM

EMD submission deadline

03 Dec 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 469016

Price Check

This listing's reserve price works out to ₹5,55,556 per sq ft. The average across residential bank auctions in Ongole on our site is ₹5,025 per sq ft, so this one is 10956% above that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (AuctionTiger · Auction ID 469016), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹15,00,000 before 03 Dec 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 4 Dec 2026 starting above the reserve price, in multiples of ₹1,00,000.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.