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

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

123.33 sq yd (≈ 1,109 sq ft)

Reserve price / sq ft

₹5,937

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Pincode

520100

Address

All that piece and parcel of land and building in site measuring 123.33 sq.yards or 103.11 sq.mts together with Ground Floor built-up area of 600 sq.ft. First Floor built-up area of 600 sq.ft bearing Door No.31-38-282, Municipal Old Assessment No.520100/1088041383, New Assessment No. 1086341509, Covered by S.No.72 of Kurmannapalem Village, within the limits of the greater Visakhapatnam Municipal Corporation and Joint Sub Registrar Gajuwaka, Visakhapatnam District and total prop-erty bounded by: East: Road, South: RCC house of Talasila Bhagya Lakshmi, West: RCC house of Jallu Mangamma, North: RCC house of Pandiri Padmavathi. Measurements: East: 37 ft or 11.28 meters, South: 30.00 ft or 9.15 meters, West: 37 ft or 11.28 meters, North: 30.00 ft or 9.15 meters 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

Vigneswara R** B****

Auction start

06 Oct 2026, 11:00 AM

Auction end

06 Oct 2026, 01:00 PM

EMD submission deadline

05 Oct 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2374937

Price Check

This listing's reserve price works out to ₹5,937 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹5,100 per sq ft, so this one is 16% 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 2374937), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹6,59,000 before 05 Oct 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 6 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.