158 sq yd House for Auction in Visakhapatnam – Chola

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

158 sq yd (≈ 1,422 sq ft)

Reserve price / sq ft

₹4,290

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Address

Descriptions of the property: Visakhapatnam District, Gajuwaka Sub-District, Greater Visakhapatnam Municipal Corporation Area, Gullalapalem Village, S.No:50, situated at near Malkapuram, Ramakrishnapuram Area, an extent of 158 Sq. Yards or 131.893 Sq.Meters, Bearing Door No.61-8-41, Asst No. 78044, Water Asst No. 20001/A with Ground Floor RCC 1092 Sft, First Floor RCC 1092 Sft and Second Floor RCC & ACC 1040 Sft and Bounded by: East: Municipal Road, South: House of B. Chinna Paradesinaidu, West: House of B.Paradesinaidu, North: House of B.N.Lakshmi. Measurements: East to West Wing: 51 Feet or 15.54 Mtrs, North to South Wing: 28.4 Feet or 8.63 Mtrs. 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

Hema N*** R*** G****

Auction start

09 Oct 2026, 11:00 AM

Auction end

09 Oct 2026, 01:00 PM

EMD submission deadline

08 Oct 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2378325

Price Check

This listing's reserve price works out to ₹4,290 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% below 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 2378325), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹6,10,000 before 08 Oct 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 9 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.