27.12 sq yd Flat for Auction in Visakhapatnam – Chola

Property Details

Property type

Flat (Residential)

Possession

Symbolic Possession

Area

27.12 sq yd (≈ 244 sq ft)

Reserve price / sq ft

₹22,534

Locality

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City

Visakhapatnam

State

Andhra Pradesh

Address

Descriptions of the property: Item No.1: All that site measuring an extent of 27.12 Sq. Yds or 22.675 Sq.Mts, being an undivided and unspecified share out of 500 Sq. Yds or 418.065 Sq. Mts, together with a Residential Flat Bearing No FF-1 in Fourth Floor along with a Plinth Area of 840 Sq. Ft. (Including Common Areas, Balconies) And 60 Sq. Ft, Car Parking In Ground Floor Bearing Door No:4-96/10/41, Asst No. 1086421253 of Krishnaveni Enclave-II situated at Sujathanagar Area, on Patta No 250 covered by S.No.177/1 of Chinamushidiwada Village, within the limits of Greater Visakhapatnam Municipal Corporation and Pendurthi Registration Sub District and Bounded By: East: Krishnaveni Enclave-I, South: Others Site, West: Others Site and Vertex Venture, North: 30 Feet Road, Boundaries of Flat No.FF-1 in Fourth Floor: East: Flat No.FF-2. South: Open Setback Space, West: Open Setback Space. North: Open Setback Space Note: Full Description will be available in the Sale Notice . 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

Adari V***** R*****

Auction start

11 Dec 2026

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

AuctionTiger · Auction ID 471572

Price Check

This listing's reserve price works out to ₹22,534 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹4,880 per sq ft, so this one is 362% 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 471572), 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.