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

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

141 sq yd (≈ 1,269 sq ft)

Reserve price / sq ft

₹5,311

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Address

Descriptions of the property: Property belongs to Neeli Gowri (Applicant):- All that piece and parcel of land and building the total site measuring an Extent of 141 Sq. Yds or 117.89 Sq.Mtrs, together with Ground Floor RCC Slab House measuring 1200 Sft bearing Door No. 6-329/2, Municipal Asst. No. 1086447881, Electricity service connection No. 1163272159005023. Patta No. 16, Covered by Survey No. 177 of Adivivaram Village within the limits of Greater Visakhapatnam municipal Corporation, Gopalapatnam Sub-Registrar Office, Visakhapatnam District, and the total property bounded by: East: House of Cable TV Raju, South: R.C.C. DABA House of Kamesh, West: 3 Feet Passage, North: Municipal Road. Measurements: East Wing: 61.0 feet or 18.59 mts; South Wing: 21.0" feet or 6.40 mts: West Wing: 60.0 feet or 18.28 mts; North Wing: 21.0" feet or 6.40 mts; This is not an assigned property 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

Gowri N****

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

bankauctions.in (4Closure) · Listing 2402738

Price Check

This listing's reserve price works out to ₹5,311 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹5,100 per sq ft, so this one is 4% 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 2402738), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹6,74,000 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.