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

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

392 sq yd (≈ 3,528 sq ft)

Reserve price / sq ft

₹1,701

Locality

—

City

Bhimavaram

State

Andhra Pradesh

Address

Descriptions of the property: Property belongs to Mr. Dana Ranga Rao Vatturi (Co-applicant): All that piece and parcel of land and building in West Godavari District, Chagallu Mandal, Kovvuru Sub-Registry, Chagallu Gram Panchayathi, Chagallu Village, 11th Ward, Z-Meraka, R.S.No. 669/3 in it Site consisting of 392 Sq.yds in it Eastern Side Site consisting of 256 Sq.yds along with Daba House bearing D.No.7-112, adjacent to it Mangalore Tiled Shed, in it Eastem Side Daba share house and Eastern Side Manglore Tiled Shed bounded by: East: House, Site belongs to Bajoju Venkateswara Rao 83.9 ft, South: Site belongs to Lakkoju Premachari 27.5 ft. West: Joint wall in between this property the share of house belongs to Vatturi Ramarao to some extent and site some extent 83.9 ft, North: Road 27.6 ft. Within the above boundaries site consisting of 256 Sq.yds or 215.004 Sq.mts along with share in Daba House and tiled shed with doors, doorways, windows, cup boards, current service connection No. 1856 with all usual and 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

Ganesh K**** V*****

Auction start

24 Nov 2026, 11:00 AM

Auction end

24 Nov 2026, 01:00 PM

EMD submission deadline

23 Nov 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2457595

Price Check

This listing's reserve price works out to ₹1,701 per sq ft. The average across residential bank auctions in Bhimavaram on our site is ₹2,670 per sq ft, so this one is 36% 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.

Previous Auctions of This Property

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 2457595), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹6,00,000 before 23 Nov 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 24 Nov 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.