242 sq yd Land & Building for Auction in Bhimavaram – Chola

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

242 sq yd (≈ 2,178 sq ft)

Reserve price / sq ft

₹1,791

Locality

—

City

Bhimavaram

State

Andhra Pradesh

Address

Descriptions of the property: Property belongs to Mr. SANIVARAPU RAMESH: All that piece and Parcel of the Land and Building being situated at West Godavari District, Tanuku Sub- Registry, Undrajavaram Mandalam Undrajavaram Village Major Panchayathi R.S.NO.142/6, 7, 8, 8B and 9B, Consisting Site of 242 Sq yards, along with RCC Daba, House and Bathroom etc bearing D.No.18-109 (Assessment No.2761) bounded: East: Site Belongs to Vanga Savitri, 54 Links, West: Site Belongs to Hanumanthu Satyavathi, W/o. Hanumanthu Danayya, 58 Links, North: Site belongs to Battula Bangarayya, Balagam Satyanarayana, 88 Links, South: 9Ft Witch Road, 91 Links. Within the above boundaries site consisting of 242 Sq. Yards along with RCC Daba House in a plinth area of 672 Sft, bathroom, with doors, doorways, windows, cup boards, elec-trical service connection bearing No.2537 etc., along with all usual and easement rights 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

Sanivarapu R*****

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 2375092

Price Check

This listing's reserve price works out to ₹1,791 per sq ft. The average across residential bank auctions in Bhimavaram on our site is ₹2,578 per sq ft, so this one is 31% 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 2375092), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,90,000 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.