6 sq yd House for Auction in Guntur – Chola

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

6 sq yd (≈ 54 sq ft)

Reserve price / sq ft

₹8,14,815

Locality

—

City

Guntur

State

Andhra Pradesh

Address

Descriptions of the property: Property belongs to VENKAT NANDIGAM (APPLICANT):-Total items extent 798-6 Sq. Yards. Item-1: Guntur District, Amaravathi R.D., Mandaadam SRO, Thulluru Mandal, Uddandarayunipalem Grampanchayat Village, Survey D.No. 62, D.No. 1/26, Extent: 556-6 Sq. Yards Northem Portion out of 798-6 Sq. Yards vacant site with all ease-mentary rights bounded by: Boundaries: North: Panchayat Bazar Site, South: Circar's Donka, East: 2nd Item Site Some and Some Site of Battula Srinivasarao Site, West: Battula Koteswara Rao Site. Item-2: Guntur District, Amaravathi R.D., Mandaadam SRO, Thulluru Mandal, Uddandarayunipalem Grampanchayat Village, Survey D.No.62, D.No. 1/26, Extent: 242 Sq. Yards Eastern Portion out of 798-6 Sq. Yards vacant site with all easementary rights bounded by: Boundaries: North: Panchayat Bazar Site, South: Battula Srinivasa Rao Site, East: Battula Sadasiva Rao Site, West: 1st Item Site 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

Venkat N*****

Auction start

06 Oct 2026, 11:00 AM

Auction end

06 Oct 2026, 01:00 PM

EMD submission deadline

05 Oct 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2375128

Price Check

This listing's reserve price works out to ₹8,14,815 per sq ft. The average across residential bank auctions in Guntur on our site is ₹8,306 per sq ft, so this one is 9710% above 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 (bankauctions.in (4Closure) · Listing 2375128), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹44,00,000 before 05 Oct 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 6 Oct 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.