196.35 sq yd House for Auction in Visakhapatnam – Chola

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

196.35 sq yd (≈ 1,767 sq ft)

Reserve price / sq ft

₹3,259

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Address

All the piece and parcel of vacant house site to the extent of 196.35 Sq.yards or 164.148 Sq.mts. Together RCC Residential Building Ground Floor Plinth area 630sft and First Floor Plinth area 630 Sft bearing old Door No. 1-1-10, Municipal New Door No. 9-3-46, Assessment No. 1136000045, Situated at 1st Ward, 1st block, R R Bangalow, Santhi Nagar, Covered by Survey No: 4-2 of Baligattam Village Narsipatnam Municipality, Visakhapatnam District, Present Anakapalli District, A.P. State with the Purview of the Narsipatnam Sub.Registry, bounded as follows: Site Measurements and Boundaries: East: 32.6 Feet /Road, South: 56.1 Feet / Site of Nalam Ramesh Kumar, W/o. Viswanadham, West: 30.6 Feet / Site of Tallapureddi Guruvulu, Naidu, North: 56.1 Feet/Site of Ommi Appalanarsa, W/o.Chinnibbai 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

Rambabu K*****

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 2378331

Price Check

This listing's reserve price works out to ₹3,259 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹5,100 per sq ft, so this one is 36% 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 2378331), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹5,76,000 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.