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Residential Plot SARFAESI Auction Symbolic Possession

38.57 sq yd Residential Plot for Auction in Visakhapatnam – Chola

Visakhapatnam, Andhra Pradesh · Auction ID #77717

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Reserve Price ₹35,00,000
EMD (Earnest Money)₹3,50,000
Bid Increment₹50,000
Auction Date 05 Nov 2026, 11:00 AM In 35 days
EMD Last Date 04 Nov 2026, 05:30 PM In 34 days
Area38.57 sq yd

Property Details

Property type
Residential Plot (Residential)
Possession
Symbolic Possession
Area
38.57 sq yd (≈ 347 sq ft)
Reserve price / sq ft
₹10,084
Locality
—
Address
Property belongs to HARISH VARMA VEGIRAJU (Applicant):- ITEM NO.1 - SCHEDULE 'A': All the totals site measuring an extent of 602. 125q.yds or 503.450Sq.Mts situated at Old Karnavanipalem Covered by Survey No. 219/8 219/14 of KANITHI VILLAGE, Gajuwaka Mandal, within the Limits of Greater Visakhapatnam Municipal Corporation, Visakhapatnam and in the jurisdiction of Gajuwaka Sub-Registrar Office, Visakhapatnam District bounded and measured as follows: BOUNDARIES: East: 20 Feet Wide Road, South: Property belongs to Percheria Krishnamurthy Raju, West: 30 Feet Wide Road, North: Others Land. SCHEDULE 'B': Out of the aforesaid extent, an undivided and unspecified share measuring an extent of 38.567Sq. Yds or 32.247Sq.Mts, of site together with up to Finished residential Flat bearing Flat No. 102, with an area of 980Sft (Including all common areas and balconies) bearing Door No.27-4-64/1/2, GF-102, Municipal Tax Assessment No. 1086365319, Electrical Meter Service No. 11132600K1002239, in GROUND FLOOR and Car Parking with an area of 75 Sft in Stilt Floor of "SRI SAI HOMES-II", and the conveyed Flat bounded by:- East: Common Corridor Staircase, South: Joint Wall of Flat No. 103. West: Open Set Back Space, North: Open Set Back Space View on map

Description (as per sale notice)

site measuring an extent of 602. 125q.yds. Property belongs to HARISH VARMA VEGIRAJU (Applicant):- ITEM NO.1 - SCHEDULE 'A': All the totals site measuring an extent of 602. 125q.yds or 503.450Sq.Mts situated at Old Karnavanipalem Covered by Survey No. 219/8 219/14 of KANITHI VILLAGE, Gajuwaka Mandal, within the Limits of Greater Visakhapatnam Municipal Corporation, Visakhapatnam and in the jurisdiction of Gajuwaka Sub-Registrar Office, Visakhapatnam District bounded and measured as follows: BOUNDARIES: East: 20 Feet Wide Road, South: Property belongs to Percheria Krishnamurthy Raju, West: 30 Feet Wide Road, North: Others Land. SCHEDULE 'B': Out of the aforesaid extent, an undivided and unspecified share measuring an extent of 38.567Sq. Yds or 32.247Sq.Mts, of site together with up to Finished residential Flat bearing Flat No. 102, with an area of 980Sft (Including all common areas and balconies) bearing Door No.27-4-64/1/2, GF-102, Municipal Tax Assessment No. 1086365319, Electrical Meter Service No. 11132600K1002239, in GROUND FLOOR and Car Parking with an area of 75 Sft in Stilt Floor of "SRI SAI HOMES-II", and the conveyed Flat bounded by:- East: Common Corridor Staircase, South: Joint Wall of Flat No. 103. West: Open Set Back Space, North: Open Set Back Space

Bank & Auction Details

Branch
NTR Dist
Auction type
SARFAESI Auction
Borrower
Harish V**** V*****
Auction start
05 Nov 2026, 11:00 AM
Auction end
05 Nov 2026, 01:00 PM
EMD submission deadline
04 Nov 2026, 05:30 PM
Inspection
—
Authorised officer
—
Officer contact
—

Price Check

This listing's reserve price works out to ₹10,084 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹5,100 per sq ft, so this one is 98% 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.

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 2414113), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of ₹3,50,000 before 04 Nov 2026, 05:30 PM. It is refunded if you don't win.
  5. Bid online on 5 Nov 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.

Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Cholamandalam Investment and Finance Company. Always verify every detail with the official notice and the authorised officer before paying any money.

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