- Chandrababu Naidu (The real who is 420 in AP) sketched to palm off high-value Sadavarti lands, which could not be less than Rs.1000 crore to one of his benamis for a mere 22 Crore.
- The plan failed due to the media focus, legal batter waged by the YSRCP MLA Alla Ramakrishna Reddy, and the Tamil Nadu state government’s objections.
- Finally, the court quashed the auction and plan had busted.
Would anybody sell an acre of land at Rs.27 lakh when a plot of 200 yards belonging to the same locality is sold for Rs. 55 Lakh? That’s what Chandrababu Naidu (the real who is 420 in AP) did. Here is the complete story.
Land Sale Mooted
Sri Sadavarti Choultry was established in Amaravati of Guntur district before independence by the erstwhile Amaravati Jamindar Raja VasireddyVenkkatadri Naidu. The choultry’s objective was to provide boarding facilities to the economically weak Brahmin students who were pursuing Vedic studies. To meet the institution’s future needs, he had donated 471.76 acres of land, which is located in today’s suburbs of Chennai City. The lands fall under the limits of Navalur, Talambur, Padur villages of Chengalpattu taluk of Kanchipuram district.
Today these villages are a part of the high value IT belt of Chennai city, and some of the Satram lands flank of the costly Old Mahabalipuram road. Well-known educational institutes like Hindustan University, Sathyabama University, along with the campuses of several IT companies (including TCS), star hotels, resorts, and gated communities are located adjacent to these lands.
Right after he came to power, the ruling party MLA Kommalapati Sridhar wrote to the Chief Minister (the real who is 420 in AP) seeking the sale of the lands of Sadavarti Choultry on the account of that the lands were being infringed upon. The CM office responded to his letter positively and forwarded it to the Endowments department on September 12, 2014. The AP government had issued a notice on April 6, 2015, for the sale of 83.11 acres of land and the lands were auctioned on March 28, 2016. This order was followed up a dubious auction. The lands were purchased by none other than the family of Chalamalasetty Ramanujaya, the chairman of Kapu Corporation and TDP leader from Krishna District.
An acre of land Only at Rs.50 Lakh?
According to the government’s estimates, the value of an acre of land in Thalambur area is Rs.6 crore per acre. In the ventures of private real estate companies in the same locality as seen from the photograph, the value of a 200-yard plot is around Rs.55 lakh.
This means that the market value of the land is Rs.13 crore per acre. Giving the problem of encroachments as the pretext, the executive officer of the choultry proposed to sell off the lands at the upset price of Rs.50 lakh per acre and the officials of the Endowments Department accepted his proposal without any question. This is what Chandrababu Naidu (the real who is 420 in AP) wanted to conceal his involvement.
Not an Auction, But Loot!
Generally, in any auction, the sale occurs only when the bidders come up with a better price than the upset price. On the other hand, the government would cancel the auction and call for a fresh one. However, in the auction of Sadavarti lands that was conducted on March 28, 2015, exactly opposite to the general principles of the auction took place.
The officials stated that there were no buyers for the upset price. Hence, took the highest bid, which was far below the upset price, and took the highest bid, which was far below and the upset price into consideration and confirmed the sale.
Endowments Department allots even a small shop by way of e-auction; however, these high-value lands were sold through a skewed auction. Thus, the 83.11 acres of land were sold for just Rs.22.24 crore, i.e., Rs.27 lakh per acre. The valuable lands were purchased at a throwaway price by the leader’s family along with five other people – Mandala Sanjeeva Reddy, M. Sunitha Reddy, Chavali Krishna Reddy, D.Pavan Kumar, and others.
According to the information from an officer of the Endowment Department and the lawyer who has been working on the cases of Sadavarti Choultry lands, the value of 83.11 acres of land could be around Rs.500 crore; even as per the government valuation of Rs.6 crore per acre. The prevailing market value is Rs. 13 crore, which is evident that all these transactions took place through the benamis of the Chief Minister and his son for the illegal gains at the cost of public exchequer.
The news comes in the time of hardship where the farmers struggle for fertile lands. The real who is 420 in AP (Chandrababu Naidu) has been looting the masses and earning kickbacks from the larger organization and hence could not be ignored at all costs.
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