222.22 sq yd House for Auction in Visakhapatnam – Chola

Property Details

Property type

House (Residential)

Possession

Physical Possession

Area

222.22 sq yd (≈ 1,999 sq ft)

Reserve price / sq ft

₹1,685

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Address

Property belongs to Mr. ALUGUBELLI PRAKASH RAO (Co-applicant): All that piece and parcel of immovable properties means RCC slabed house situated in Parvathipuram Manyam district, Bobbili sub division, Balijipeta Mandal, Baljipeta Panchayathi, Palagara Revenue covered by S.No.68-3 part in Plot No.27 and 28 total extent 222.22 sq yds or 185.795 sq.mts for R.C.C. slabed house constructed area 2000 sq.ft door no.1-625, ward-7, Golla street. Assessment no.625, S.C.no. 122123S201001734 total bounded by: East: Vacant site of plot No.26, South: Vacant Site of Plot No.30.31. West: Vacant site of Plot No 29 part and Vacant Site of Maddamasetti Jayalakshmi, North: 17 feet Road 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

Manikanta A*****

Auction start

06 Oct 2026, 11:00 AM

Auction end

06 Oct 2026, 01:00 PM

EMD submission deadline

05 Oct 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2374941

Price Check

This listing's reserve price works out to ₹1,685 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹5,100 per sq ft, so this one is 67% 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 2374941), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,37,000 before 05 Oct 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 6 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.