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

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

124 sq yd (≈ 1,116 sq ft)

Reserve price / sq ft

₹3,763

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Address

All that piece and parcel of land and building in that Site measuring 124 Sq.yds or 103.680 Sq.mts together with RCC building with a plinth area of 900 Sq.ft bearing Plot No.60, Door No.6-80-16. Old Assessment No. 1088080461, New Assessment No. 1086357832, Current meter Service No.0008504 covered by S.No.74/3, 5, 8, 1, 0, 11, 12, 13, 16, 17 and 75/1 to 8, 75/11, 12, 18 of China Gantyada Village, Gajuwaka Mandal, within the limits of Greater Visakha Municipal Corporation, Visakhapatnam District, Pedagantyada Sub-Registrar and bounded by: East: 30 ft Wide Road, South: Belongs to Tamada Dhanaraju Vacant Land, West: Belongs to Someswararao Vacant Land as Plot No.59. North: Plot No.61. Measurements: East: 28 ft or 08.53 mts. South: 40 ft or 12.19 mis, West: 28 ft or 08.53 mts, North: 40 ft or 08.53 mts 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

Surada J*** R**

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 2378333

Price Check

This listing's reserve price works out to ₹3,763 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹5,100 per sq ft, so this one is 26% 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 2378333), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹4,20,000 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 ₹50,000.
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.