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

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

360 sq ft

Reserve price / sq ft

₹8,889

Locality

—

City

Nellore

State

Andhra Pradesh

Address

All that piece and parcel of land and building in House bearing Sy. No.45-2, Patta No. 164, land admea-suring undivided share of 360 Sq.ft., or 05 Ankanams out of 7811 Sq.ft., or 108 Ankanams with built-up area admeasuring 1000 Sq.ft., situated at Sri Rama Apartments Flat No.504 in 5th Floor, D.No.5-6-182/18, Block No.9, Ward No. 6, LA Sagaram Urf Agraharapeta Naidupeta Nellore Dist. Andhra Pradesh Assessment No. 1153009767, Naidupeta Municipality limits, Have acquired the same through Sale Deed Doc. No.2187/2018 dated 17.08.2018 registered at Naidupeta Sub-Registration Office. Door No.6-9-40/4, Amara Garden and the land bounded by: Boundaries of Flat No 504: North: Open to Sky, South: Common Corridor, East: Open to Sky, West: Open to Sky. Boundaries to Apartments: North: 31 ft width road dimension in this direction 73 ft, South: 20 ft width road dimension in this direction 73 ft. East: Site of Kalahasti Maheswarn dimension in this direction 107 ft, West: Site of Kantrathi Sundara Rao dimension in this direction 107 ft. 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

Pelluru V***** P****

Auction start

09 Oct 2026, 11:00 AM

Auction end

09 Oct 2026, 01:00 PM

EMD submission deadline

08 Oct 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2378420

Price Check

This listing's reserve price works out to ₹8,889 per sq ft. The average across residential bank auctions in Nellore on our site is ₹3,826 per sq ft, so this one is 132% 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 2378420), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,20,000 before 08 Oct 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 9 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.