144.44 sq yd Land & Building for Auction in Ongole – Chola

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

144.44 sq yd (≈ 1,299 sq ft)

Reserve price / sq ft

₹7,385

Locality

—

City

Ongole

State

Andhra Pradesh

Address

Descriptions of the property: Property belongs to Mr. SHAIK AYUB (Applicant): All the part and Parcel of Property situated at Prakasam District, Markapuram Registration District, Khambam Sub-District, Kambham Mandal, Hajarathgudem Grama Panchayath, Kagithalagudem Village Survey No.62/2, Out of Ac.0-47cts, Plot No:61 & 62 an extent of 144.44 Sq.yds. of site with R.C.C building Ground Floor constructed in 1250 SFt and First Floor Constructed in 1250 SFt (as per plan) with all fixtures and fit-tings thereof bounded by: boundaries: North: Plot No.60, East: 15 Feet Wide Road, South: Plots of Shaik Faizulla Rehaman, West: Plot No.57. 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

Ayub S****

Auction start

27 Oct 2026, 11:00 AM

Auction end

27 Oct 2026, 01:00 PM

EMD submission deadline

26 Oct 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2402887

Price Check

This listing's reserve price works out to ₹7,385 per sq ft. The average across residential bank auctions in Ongole on our site is ₹4,970 per sq ft, so this one is 49% 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 (4Closure · Listing 2402887), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹9,60,000 before 26 Oct 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 27 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.