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

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

4 sq yd (≈ 36 sq ft)

Reserve price / sq ft

₹1,66,667

Locality

—

City

Ongole

State

Andhra Pradesh

Address

Descriptions of the property, Property belongs to Mr. Chakka Kesava (Applicant): Item No.1: All that piece and parcel of land and building in Schedule -1 in Registered Gift Settlement Deed Document No.6458/2022 dt, 13-07-2022, Kanigiri SRO Prakasam District, Kanigiri Sub District, Kanigiri Grampanchayat, Kanigiri Village, Survey No.515. Ramayalayam Veedhi, Door No.7-104, Assessment Number-1150001623, Extent-65-04 Sq yards House with all easementary rights bounded by: Boundaries: North: Neelisetty Venkateswarlu House Joint Wall, East: Item No. 2. South: Peruri Ananthama House, West: Road Item No.2: All that piece and parcel of land and building in Schedule 2 in Registered Gift Settlement Deed Document No. 6458/2022 dt. 13-07-2022, Kanigiri SRO Prakasam District, Kanigiri Sub District, Kanigiri, Grampanchayat, Kanigiri Village, Survey D.No.515. Ramayalayam Veedhi, Door Number: 7-104, Assessment number: 1150001623. Extent 58.96 Sq yards House with all easementary rights bounded by: Boundaries: North: Velugin Satyavathi sold Site East: Velugin Subramanyam House Back side Wall, South: Peruri Ananthama Site, West: Item No.1 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

Chakka K*****

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 2457630

Price Check

This listing's reserve price works out to ₹1,66,667 per sq ft. The average across residential bank auctions in Ongole on our site is ₹5,025 per sq ft, so this one is 3217% 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 2457630), 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.