28 sq yd Land & Building for Auction in Nellore – Chola

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

28 sq yd (≈ 252 sq ft)

Reserve price / sq ft

₹25,397

Locality

—

City

Nellore

State

Andhra Pradesh

Address

Property belongs to Mr. VENKATAMARALA MAHESH CHITTABATTULA (Applicant): All that piece and parcel of land and building in S.P.S.R Nellore district, Nellore registration district, Nellore Sub-Registration, Nellore Bit-I, C.A.S. No. 497/1, Nellore City, G.N.T road, Fathekhanpet area (As per Municipal Property Tax receipt Santhi Nagar) an extent of 4 1/2 Ankanams of site, but as per measurements 3 1/2 Ankanams or 28 sq yards of site, Old ward no.24, Old Door No.1574, New Ward No.24-2, New Door No. 1573, Assessment No. 1031032921 of R.C.C. roofed house bounded by: East: G.N.T. Road, South: Chidambaram Building, West: Chidambaram building, North: Canal. Within these boundaries an extent of 3 1/2 Ankanams or 28 sq.yds of site, in it 252 sq.ft of R.C.C. roofed house in Ground and First Floor therein, for this house fixed doors, door frames, windows, ceiling materials, one feet site, current service No.3313106016411, meter, security deposit, electrical fittings, wiring, latrine, bathroom, four sided compound walls, hand pump, etc, and with all easement rights appurtenant thereto 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

Venkatamarala M***** C*****

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 2374974

Price Check

This listing's reserve price works out to ₹25,397 per sq ft. The average across residential bank auctions in Nellore on our site is ₹3,826 per sq ft, so this one is 564% 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 2374974), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹6,40,000 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.