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

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

328 sq yd (≈ 2,952 sq ft)

Reserve price / sq ft

₹1,287

Locality

—

City

Guntur

State

Andhra Pradesh

Address

Descriptions of the property: Property belongs to Mr. SATYANARAYANA ANNADASU (Applicant): All that piece and parcel of land and building in Guntur District Chebrole Sub-District, Manchala Grampanchayat, Manchala Village, Manchala Gramakantam, Survey D.No 109/1, Block 2. Door Number 2-12 A, Extent 328 Sq.yds RCC Dhaba out of Ac. 10-08 Cents bounded by: 624 Sq.ft RCC and 43 Sq.ft RCC lateran. East: Panchayati Bazaar, South: Padyala Apparao and Others Site, West: Chimata Venkateswarlu and Others Site, North: Mati Samrajyam Way. 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

Satyanarayana A*****

Auction start

27 Oct 2026, 11:00 AM

Auction end

27 Oct 2026, 01:00 PM

EMD submission deadline

26 Oct 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2402885

Price Check

This listing's reserve price works out to ₹1,287 per sq ft. The average across residential bank auctions in Guntur on our site is ₹8,306 per sq ft, so this one is 85% 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 2402885), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,80,000 before 26 Oct 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 27 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.