114.75 sq yd House for Auction in Machilipatnam – Chola

Property Details

Property type

House (Residential)

Possession

Physical Possession

Area

114.75 sq yd (≈ 1,032 sq ft)

Reserve price / sq ft

₹4,841

Locality

—

City

Machilipatnam

State

Andhra Pradesh

Pincode

521101

Address

Descriptions of the property: PROPERTY 1: Schedule III: Property on land admeasuring in house bearing R.S.No.394, Asst. No.4557 land admeasuring 114.75 sq.yds. with builtup area admeasuring situated at Door.No.9-50/A, Gannavaram Panchayat and Mandal, Krishna District-521101, registered at Gannavaram Gram panchayat, Gannavaram SRO, Krishna District, East: A.Lalitha Kumari..36.6. South: Panchyat Road 24-8, West: K.Venkateswara Rao & K.Kumari 44-6, North: Panchyat Road 26- 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

Chiranjeevi M****

Auction start

23 Dec 2026, 11:00 AM

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

4Closure · Listing 2468401

Price Check

This listing's reserve price works out to ₹4,841 per sq ft. The average across residential bank auctions in Machilipatnam on our site is ₹9,818 per sq ft, so this one is 51% 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 2468401), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹5,00,000 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.