132.32 sq yd House for Auction in Machilipatnam – Chola

Property Details

Property type

House (Residential)

Possession

Physical Possession

Area

132.32 sq yd (≈ 1,190 sq ft)

Reserve price / sq ft

₹5,626

Locality

—

City

Machilipatnam

State

Andhra Pradesh

Pincode

521101

Address

PROPERTY 2: Schedule IV: Property on land admeasuring in house bearing R.S.No 455, land admeasuring 132.32 sq. yds with builtup area admeasuring situated at Door No.8-55/1 Gannavaram gram Panchayat and Gannavaram Mandal, Krishna District-521101 regis-tered at Gannavaram village do panchayat, Gannavaram Sro, Krishna District, Item No.1(Extent: 94.55 Sq. Yds). East: Item No.2..18.6. South: L.Venkataramaiah 46, West: Panchayat Road... 18.6, North: Vendors Property. 46. Item No.2 (Extent :37.77 Sq. Yds): East: G. Jeje Rao.0, South: L. Venkataramaiah, 36.9, West: Item No.1...18.6, North: P.Eadukondalu 41.9 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 2468416

Price Check

This listing's reserve price works out to ₹5,626 per sq ft. The average across residential bank auctions in Machilipatnam on our site is ₹9,818 per sq ft, so this one is 43% 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 2468416), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹6,70,000 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.