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

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

58 sq yd (≈ 522 sq ft)

Reserve price / sq ft

₹11,111

Locality

—

City

Bhimavaram

State

Andhra Pradesh

Address

Property belongs to Mr. Nagendra Sekhar Konem (Applicant): Item 1 (A Registered Settlement Deed dt.12-05-2011 under Document No.2726/2011): All that piece and parcel of land and building in an extent of Sq.yds 34-1-58 of site and except Sq.yds. 307-3-92 of site out of sq.yds. 341-5-5 of Plot No.28 as per approved lay-out plan under P.R.No. 19/85 issued by the Palakollu Rural Grama Panchayat for Ac. 3-66 Cents of land out of full Ac 4-48 in R.S.No.31 is bounded by: 11-143 B. East: Plot No.27 Site of Darisi Narasimha Rao, 71'0", South: 15-0" width of Layout Road, 43'0", West: Site of Plot No.29,72'0", North: Site of Plot No.33', 43'0" of Palakollu Non-Municipal Village, Alakollu Rural Grama Panchayat Area, Palakollu Revenue Mandal, Palakollu S.R.O West Godavari District. Item 2 (A Registered Settlement Deed dt.20-11-2003 under Document No.4671/2003): All that piece and parcel of land and building in an extent of Sq.yds 102-4-34 of site and in which except undivided joint rights of Konem Nagendra Sekar to an extent of Sq.yds 204-8-58 and his brother sri Konem Durga Prasad to an extent of Sq.yds 34-1-58 of site out of Sq.yds 341-5-5 of Plot No.28 as per approved layout plan under P.R.No. 19/85 issued by the Palakollu Rural Grama Panchayat for Ac.3-66 Cents of land out of full Ac.4-48 in R.S.No.31 is bounded by: East: Plot No.27 Site of Darisi Narasimha Rao, 71'0", South: 15-0 width of Layout Road, 43'0", West: Site of Plot No.29, 72'0", North: Site of Plot No.33, 43'0" The total 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

Nagendra S***** K****

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 2457568

Price Check

This listing's reserve price works out to ₹11,111 per sq ft. The average across residential bank auctions in Bhimavaram on our site is ₹2,670 per sq ft, so this one is 316% 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 (4Closure · Listing 2457568), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹5,80,000 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.