Is homeloan avail for ghramakantam property?


Hi all, I have a house at machilipatnam,Krishna dist.Its an ancestral house but it comes under Gramakantam, We want to rebuild that house by applying some bank home loan but heard it would be a very difficult process. Somebody are telling even if we apply bank loan further they will have to do Thanaka Registration then the gramakantam issue arises and ultimately bank will reject the proposal.-Is it true? Even we have the Link documents of my house from 1940's, Could anyone please advise/suggest on which process i need to follow to get a bank housing loan?
 
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