148 sq yd Land & Building for Auction in Machilipatnam – Chola

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

148 sq yd (≈ 1,332 sq ft)

Reserve price / sq ft

₹5,255

Locality

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City

Machilipatnam

State

Andhra Pradesh

Address

Descriptions of the property: All that peace and parcel of the property situated in Krishna District, Vijayawada Registration District, Gunadala Sub Registration, Ramavarappadu Village, Mallemudi Vari Street, Door No.4-9A, Old Door No 4-8A, Assessment No.438 & Old Assessment No.364, Under R.S. No. 127/2, total extent of Land and its construction of RCC Building with 148 Sq. Yds or 123.747 Sq.Mirs is Bounded by: East: 15 Ft Wide Panchayat Road, South: Property of Mamidi Sarveswara Lingam, West: Property of Chalvadi Narasimha Rao, North: Property of Chagantipati Koteswara Rao 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

Mr. K***** K**** M*****

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 2457635

Price Check

This listing's reserve price works out to ₹5,255 per sq ft. The average across residential bank auctions in Machilipatnam on our site is ₹9,818 per sq ft, so this one is 46% 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 2457635), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹7,00,000 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.