1.62 cent Office for Auction in Nellore – Chola

Property Details

Property type

Office (Commercial)

Possession

Not specified

Area

1.62 cent (≈ 705 sq ft)

Reserve price / sq ft

₹4,818

Locality

—

City

Nellore

State

Andhra Pradesh

Address

Sri Potti Sreeramulu Nellore District, Guduru Registration District, Kota Sub-Registrar Office, Kota Panchayat, Kota Bit-1, Kota Village, Patta No. 194, Survey No. 1338-A, An Extent Of Ac. 1.62 Cents, Init An Extent Of 0.42 Cents Of Plot, Init Plot No. 17, An Extent Of 33.33 Ankanams of Site, Init Door No.0-4-105, Cement Slab House, Is Bounded By: East : Plot No.22 of Panabaka Venkataiah, This Side Measurement-60-00, South: Plot No. 18 of Engilala Penchalaiah, This Side Measurement-60-00, West: 33 Ft Wide Lay-Out Road, This Side Measurement-40-00, North: Plot No. 16, This Side Measurement-60-00. Within these Boundaries an Exten. Of 33.33 Ankanams Or 266.6 Sq. Yards of Site, Init Cement Slab House, an Extent of 62.80 Sq.Mts or 9.38 Ankanams or 676 Sq.Ft. Cement Slab Bath Room, an Extent of 69 Sq. Ft, Along With All Fittings & Fixtures, With All Fitting And Fixtures, Including With All Easement Rights therein View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Cholamandalam Investment and Finance Company

Branch

—

Auction type

SARFAESI Auction

Borrower

—

Auction start

07 Oct 2026

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 463363

Price Check

This listing's reserve price works out to ₹4,818 per sq ft. The average across commercial bank auctions in Nellore on our site is ₹12,051 per sq ft, so this one is 60% 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 (AuctionTiger · Auction ID 463363), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before —. It is refunded if you don't win.
5. Bid online on 7 Oct 2026 starting above the reserve price.
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.