155.5 sq yd Land & Building for Auction in Ongole – Chola

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

155.5 sq yd (≈ 1,399 sq ft)

Reserve price / sq ft

₹3,215

Locality

—

City

Ongole

State

Andhra Pradesh

Address

Descriptions of the property: Property belongs to Mrs.PALAKURTHI SUJATHA (Co-applicant): All that piece and parcel of land and building in Old Prakasam District, Present Bapatla District, Chirala Sub-District, Chirala Municipal, Peralla Village Old Municipal Ward 3. Block: 1, T.S.No. 11/2, Perala Village S.No. 104/2. Present Municipal Ward No.2, Door No.2-21-1, Vitalnagar Area Extant: 155.5 Sq. Yards, Vacant Site Bounded by: Boundaires: North: Devarakonda Adiseshu Site, 62-00 Ft., East: Municipal Bazar, 24-00 Ft. South: Devarakonda Nageswararao Compound Wall, 62-00 Ft., West: Kunchala Subbulu Compound Wall 21-00 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

Venkata R***** P*****

Auction start

30 Oct 2026, 11:00 AM

Auction end

30 Oct 2026, 01:00 PM

EMD submission deadline

29 Oct 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2424808

Price Check

This listing's reserve price works out to ₹3,215 per sq ft. The average across residential bank auctions in Ongole on our site is ₹4,970 per sq ft, so this one is 35% 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 (4Closure · Listing 2424808), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹4,50,000 before 29 Oct 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 30 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.