1,172.2 sq yd Residential Plot for Auction in Visakhapatnam – Chola

Property Details

Property type

Residential Plot (Residential)

Possession

Symbolic Possession

Area

1,172.2 sq yd (≈ 10,549 sq ft)

Reserve price / sq ft

₹1,156

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Address

All that piece and parcel of Site Measuring 1172.2 Sq. Yds Equivalent to 980.111 Sq.Mt, Covered By Survey No:237/23 237/24 of Paravada Revenue Village, within the Paravada Grama Panchayat Limits, in the Mandal of Paravada, in the Registration District of Anakapalli and the Sub-District of Lankelapalem, bounded and measured as follow: (Together With RCC 3834 Sq. Ft, Ground and 1st Floor Bearing Door No.10-66/2): East: Atchutapuram -Steel Plant Road, South: Vacant Site Belonging to Rayavarapu Demudu, Others, West: Gravel Road, North: Property Belonging to Karri Apparao and Drainage. 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

Rajana S**** K****

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 2378330

Price Check

This listing's reserve price works out to ₹1,156 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹5,100 per sq ft, so this one is 77% 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 2378330), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹12,20,000 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 ₹1,00,000.
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.