you surely can CC, i have seen old corolla clocked some 20K's and asking price was around 5lacs, so have patience and search more, there are many cars to get hold on, dont be on rush for used car purchase.Do you have Auto terrace in your city, they do have some good OHC,lancers and corollas as well.Try out toyota dealer to source used cars.
how about used Sx4, that would surely come within ur budget, i just saw one zxi silver colour, clocked 28000kms and asking price was some 4 lacs.