114.48 sq yd Land & Building for Auction in Visakhapatnam – Chola

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

114.48 sq yd (≈ 1,030 sq ft)

Reserve price / sq ft

₹6,600

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Pincode

516517

Address

Descriptions of the property: Property belongs to Mrs. BARNIKALA LAKSHMI (Applicant): All that property measuring 114.48 Sq.yds or 96.1632 Sq.mts together with a RCC four floors residential building (Ground Floor of 1033.2 Sq.ft + First Floor of 1033.2 Sq.ft + Second Floor of 1033.2 Sq.ft + Third Floor of 400 Sq.ft) bearing Door No.13-7-143, covered by Ward No.21, Block No.7, Town Survey No.516 517 of Bheemunipatnam Village, M.E. School Area, Catholic Church, Bheemunipatnam Mandal and Municipality, Bheemunipatnam SRO, Visakhapatnam District, A.P. North: Municipality Road, South: Municipality Road/Rasta, East: Municipality Road, West: Boundary Wall of Maroju Chandra Sekhar 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

Lakshmi B*****

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 2388897

Price Check

This listing's reserve price works out to ₹6,600 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹5,100 per sq ft, so this one is 29% 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 2388897), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹6,80,000 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.