7.1 cent Land & Building for Auction in Nellore – Chola

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

7.1 cent (≈ 3,092 sq ft)

Reserve price / sq ft

₹3,395

Locality

—

City

Nellore

State

Andhra Pradesh

Address

Property belongs to Narayana Jagan (Applicant): Property Covered Under Document No.3959/2012 All that piece and parcel of land & building in S.P.S.R. Nellore District, Nellore Registration District, Nellore Sub Registrar Office, Nellore Municipal Corporation, Nellore Bit-2 Area, Sy. No. 1312, 1314 Consisting of Ac.7.10 Cents of land was divided into Approved Lay-out Plan Plots by D.T.P. Hyderabad vide L.P.No.9/90, Ward No. 16-3, Hamadhapuram, Near Door No. 1218, Plot No.61 consisting of 24.06 ankanams or 160.937 Sq. mts of Site bounded by: East: Site of Muduguru Chiranjeevamma, South: Road, West: Site of Bavusani Chandra Reddy to some extent, Site of Damavarapu Surekha, North: Site of Kandra Rami Reddy 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

Narayana J****

Auction start

23 Dec 2026

Auction end

23 Dec 2026, 01:00 PM

EMD submission deadline

22 Dec 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 472861

Price Check

This listing's reserve price works out to ₹3,395 per sq ft. The average across residential bank auctions in Nellore on our site is ₹4,135 per sq ft, so this one is 18% 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 (AuctionTiger · Auction ID 472861), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹10,50,000 before 22 Dec 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 23 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.