Ghost Villa is a horror comedy film set in a bungalow. Idols in an ancient temple are robbed and the thief escapes with these to Speary Bungalow in Chennai. The very next day he is seen murdered and the stolen idols disappear. A police dog is killed during the investigation. Businessman Ravuthar, who owns this bungalow, tries several ways to exorcise the ghosts in the bungalow, but in vain. Meanwhile, a jewelry shop owner Paulose Punnakkaran\'s daughter Elsa (Parvathy Nambiar) is kidnapped and is held captive in this bungalow. She is saved by an invisible power when the kidnappers try to abuse her and the lost idols turn up in the bungalow itself. With Ravuthar\'s permission, a young man named Anand (John Jacob) sets his mind on defeating the invisible power in the bungalow.