320.83 sq yd Residential Plot for Auction in Ongole – Chola

Property Details

Property type

Residential Plot (Residential)

Possession

Symbolic Possession

Area

320.83 sq yd (≈ 2,887 sq ft)

Reserve price / sq ft

₹1,507

Locality

—

City

Ongole

State

Andhra Pradesh

Address

Descriptions of the property: Property belongs to Mr. Sirigiri Radha Krishna:- All that part and parcel of Property situated at Prakasam District, Markapuram Registration District, Giddaluru Sub-District, Racharla Mandal, Anamanapalli Panchayath Area. Anamanapalli Village, Anamanapalli Gramakantam, Sy.No.551 (as per Rule-3 Statement), an Extent of 320.83 Sq. Yards, of Site with all Fixtures and Fittings therein, being Bounded by: Boundaries: North: Remaining site of Sirigiri Tirupathamma, East: Remaining site of Sirigiri Tirupathamma, South: Bazaar Road, West: Bazaar 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

Ranga L***** S*****

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 2468419

Price Check

This listing's reserve price works out to ₹1,507 per sq ft. The average across residential bank auctions in Ongole on our site is ₹4,970 per sq ft, so this one is 70% 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 2468419), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹4,35,000 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 ₹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.