535 sq yd Land & Building for Auction in Bhimavaram – Chola

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

535 sq yd (≈ 4,815 sq ft)

Reserve price / sq ft

₹1,142

Locality

—

City

Bhimavaram

State

Andhra Pradesh

Address

Descriptions of the property: Property belongs to Mr. HARI PRASAD NIMMAGADDA (Applicant): All that piece and parcel of land and building in West Godavari District, Devarapalli Mandal, Sri Kovvur Sub-Registrar's Office Limits, Duddukuri Panchayat, Duddukuru Revenue Village RS No. 268 in 1st Ward an extent of 535 sq yards or 447.329 sq, meters of the site with door number 1-45, Assessment No 45. R.C.C. building and Door Number 1-46 Assessment no 46 building situated within the following boundaries Boundaries: East: 58-0 ft site belongs to Nimmagadda Hari Prasad, South: 84-0 ft site belongs to Nalamti Ganga Rao, West: 56-0 ft site belongs to Yalamati Damayanthi, North: 85-6 ft. House and site of Nimmagadda Krishna Rao. Within the above boundaries site consisting of 535 sq yds. The total extent item comes to 535 sq yds 447.329 sq.meters site with RCC building and electricity service connection No.277, 1357 with passage ways, bath rooms, latrins and panchayat taps and with all usual easement rights 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

Hari P***** N*****

Auction start

11 Dec 2026, 11:00 AM

Auction end

11 Dec 2026, 01:00 PM

EMD submission deadline

10 Dec 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2457567

Price Check

This listing's reserve price works out to ₹1,142 per sq ft. The average across residential bank auctions in Bhimavaram on our site is ₹2,670 per sq ft, so this one is 57% below 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 (4Closure · Listing 2457567), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹5,50,000 before 10 Dec 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 11 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.