155.5 sq yd Commercial Building for Auction in Visakhapatnam – Chola

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

155.5 sq yd (≈ 1,399 sq ft)

Reserve price / sq ft

₹4,716

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Address

All that piece or parcel of site measuring an undivided extent of 155.5 sq.yds or 130.66 sq.mts. together with Ground Floor-1400 sq.ft. and First Floor-1400 sq.ft. and Second Floor-1400 of RCC building bearing D.No.6-1080, Asst No. 1080, Covered by S.No.206/1, Plot No.1 part of Pedagummuluru Panchayat, Pedagummuluru Revenue Village, S. Rayavaram Mandal, Visakhapatnam and Sub Registration District of Nakkapalli and bounded by: East: Part of Plot No.01 Yerramsetti Prakashrao and Others, South: Plot No.06 Raavi Chalapathi, West: Property belongs to Pinapatruni Atchutarao, North: Way to Narsipatnam Road. Measurements: East: 8000 or 24.08 mts. South: 1706 or 05.42 mts. West: 8000 or 24.08 mts. North: 17:06 or 05.42 mts. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Cholamandalam Investment and Finance Company

Branch

—

Auction type

SARFAESI Auction

Borrower

—

Auction start

09 Oct 2026

Auction end

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EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 449110

Price Check

This listing's reserve price works out to ₹4,716 per sq ft. The average across commercial bank auctions in Visakhapatnam on our site is ₹3,857 per sq ft, so this one is 22% 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 (AuctionTiger · Auction ID 449110), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before —. It is refunded if you don't win.
5. Bid online on 9 Oct 2026 starting above the reserve price.
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.