6 sq yd Land & Building for Auction in Guntur – Chola

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

6 sq yd (≈ 54 sq ft)

Reserve price / sq ft

₹88,889

Locality

—

City

Guntur

State

Andhra Pradesh

Address

All the Part and Parcel Of Property Situated At Guntur District, Battiprolu Sub District, Pallekona Grampanchayat, Pallekonu Village, Sy. No:284/7, Door No:1-38. Extent 435-6 Sq yds, RCC Building Bounded by: Boundaries: North: 1 Sq.yad Wide Joint Galli 72Ft, East: 4 Ft Wide Donka 55 Ft. South: 9 Links Wide Joint Galli 71-10 Ft, West: Yarlagadda Seshaiah Site 54 Ft 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

Raveendra M*****

Auction start

07 Oct 2026, 11:00 AM

Auction end

07 Oct 2026, 01:00 PM

EMD submission deadline

06 Oct 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2401313

Price Check

This listing's reserve price works out to ₹88,889 per sq ft. The average across residential bank auctions in Guntur on our site is ₹8,306 per sq ft, so this one is 970% 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.

Previous Auctions of This Property

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 2401313), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹4,80,000 before 06 Oct 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 7 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.