24 sq ft Land & Building for Auction in Nellore – Chola

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

24 sq ft

Reserve price / sq ft

₹1,33,333

Locality

—

City

Nellore

State

Andhra Pradesh

Address

All that piece and parcel of land and building in S.P.S.R. Nellore District, Gudur Registration District, Buja Buja Nellore Sub-Registrar Office, Nellore Municipal Corporation, Nellore Rural Mandal, Kallurupalli Area, Housing Board Colony, Sy. No. 116, M.I.G Terrace House No.523 of R.C.C roofed house, site etc, bounded by: East: 40 ft Width Road, South: M.LG House No.522, West: M.I.G House No.536, North: M.L.G. House No. 524. Within these boundaries an extent of 33 Ankanams 24 Sq. Ft or 266.66 Sq. Yards of Site, in it 601.43 Sq. Ft of R.C.C. roofed house, therein for this house fixed doors, door frames. windows, ceiling materials, one feet site, current service H.S.C No. 3511409002894, meter, security deposit, electrical fittings, wiring, latrine, bathroom, four sided compound walls, hand pump, etc and with all its easement rights appurtenant thereto 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

Eediga M**** K**** G***

Auction start

07 Oct 2026, 11:00 AM

Auction end

07 Oct 2026, 01:00 PM

EMD submission deadline

06 Oct 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2401251

Price Check

This listing's reserve price works out to ₹1,33,333 per sq ft. The average across residential bank auctions in Nellore on our site is ₹3,779 per sq ft, so this one is 3428% 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 2401251), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,20,000 before 06 Oct 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 7 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.