6 sq yd Land & Building for Auction in Guntur – Chola

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

6 sq yd (≈ 54 sq ft)

Reserve price / sq ft

₹3,05,556

Locality

—

City

Guntur

State

Andhra Pradesh

Address

Descriptions of the property: Property belongs to Mr. Sanka Bhargava Radha Krishna Murthy (Applicant), Mrs. VENKATA Mahalakshmi (Co-applicant) & Ms. Rekha Alekhya (Co-applicant): All that piece and parcel of land and building in property situated at Guntur District, Guntur Sub District, Guntur New Municipal Corporation Area limits Brodipet Municipal Old Ward No.2, New Ward No. 3. Town Sy. No. 26/2 out of 370 Sq. yds, 1st item as per plan Plot No.2, an extent of 92-6/9 Sq. yds Plot No. 1, an extent of 92-6 Sq yds making a total extent of 185-3/9 Sq.yds of site bounded by: (Door No.5-62-188) Assessment No.3665. Boundaries: North: Property of Paleti Krishna Rao, 86 ft. East: 60 ft Wide Road Site, 27 ft., South: Property of Mamillapalli Sarojini, 70 ft, West: Site of Sanakkayala Ankamma, 22 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

Bhargava R**** K***** M***** S****

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 2401309

Price Check

This listing's reserve price works out to ₹3,05,556 per sq ft. The average across residential bank auctions in Guntur on our site is ₹8,306 per sq ft, so this one is 3579% 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.

Previous Auctions of This Property

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 2401309), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹16,50,000 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 ₹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.