1,478.5 sq ft Land & Building for Auction in Ongole – Chola

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

1,478.5 sq ft

Reserve price / sq ft

₹1,961

Locality

—

City

Ongole

State

Andhra Pradesh

Address

Descriptions of the property: Property belongs to Mrs.TIMMISETTY PADMAJA (Applicant): All that piece and parcel of land and building in Prakasam District, Markapuram R.D., Addanki Sub-District, Korisapadu Mandal, Bodduvanipalem, Medarametla Grampanchayat. Medarametla Village, Survey D. No.736/2, Western Side of G.N.T. Road Door Number 8-30/1, Extent: 128 Sq yards RCC Dhaba, Ground Floor, First Floor, Second Floor, 1478.5 Sq ft., bounded by: Boundaries: North: Ravuri Puma Site, East: GNT Road Haddu, South: Emani Sambasivarao Site, West: 12 Ft Wide Road 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

Timmisetty P*****

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 2457633

Price Check

This listing's reserve price works out to ₹1,961 per sq ft. The average across residential bank auctions in Ongole on our site is ₹5,025 per sq ft, so this one is 61% 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 2457633), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹2,90,000 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 ₹50,000.
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.