701.8 sq yd Residential Plot for Auction in Visakhapatnam – Chola

Property Details

Property type

Residential Plot (Residential)

Possession

Symbolic Possession

Area

701.8 sq yd (≈ 6,316 sq ft)

Reserve price / sq ft

₹1,362

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Address

Descriptions of the property: Property belongs to POTHANNA DARAPUREDDY (Co-Applicant):- All that site measuring an extent of 701.8 Sq. yds or 586.796 Sq.mts. Covered by S.No.198/2 of Katha No.671 and 198/3 of Katha No.74 of situated at Karakavani Palem, Gorapalli Village, within the limits of Gorapalli Panchayat and Pendurthi Mandalam, Pendurthi S.R.O Limits, Visakhapatnam District and the total property bounded by: East: Land of Pothala Suri Demudamma and Others, South: Land of Pothala Suri Demudamma, West: Janachaitanya Layout and Road, North: Land of Karaka Narasinga Rao 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

Darapureddy P**** K****

Auction start

14 Oct 2026, 11:00 AM

Auction end

14 Oct 2026, 01:00 PM

EMD submission deadline

13 Oct 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2388883

Price Check

This listing's reserve price works out to ₹1,362 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹5,100 per sq ft, so this one is 73% 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 (bankauctions.in (4Closure) · Listing 2388883), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹8,60,000 before 13 Oct 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 14 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.