42 sq yd Residential Plot for Auction in Guntur – Chola

Property Details

Property type

Residential Plot (Residential)

Possession

Symbolic Possession

Area

42 sq yd (≈ 378 sq ft)

Reserve price / sq ft

₹7,937

Locality

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City

Guntur

State

Andhra Pradesh

Address

Descriptions of the property: Property belongs to Mr. BYRA NAGA RAMESH BABU (Applicant): All that part and parcel of property situated at Narsaraopet R.D., Chilakaluripet Sub District, Chilakaluripet Mandal, Boppudi Grampanchayat, Boppudi Village, Survey D.No.93/1 93/2, Extent: 145-42 Sq yards Vacant Site bounded by: Boundaries: North: Kolasani Sambasiva Rao House wall 66 ft. East: Bazar 19-10 ft. South: Thota Nageswararao Site 66 ft, West: Thota Nageswararao Site 19-10 ft. (Symbolic Possession) 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

Naga R***** B*** B***

Auction start

14 Oct 2026, 11:00 AM

Auction end

14 Oct 2026, 01:00 PM

EMD submission deadline

13 Oct 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

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E-auction portal

bankauctions.in (4Closure) · Listing 2388903

Price Check

This listing's reserve price works out to ₹7,937 per sq ft. The average across residential bank auctions in Guntur on our site is ₹8,306 per sq ft, so this one is 4% 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 2388903), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,00,000 before 13 Oct 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 14 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.