G.O. Ms. No. 70, Remission of Duty on Industrial Park Lease Instruments, 2015
The Government of Tamil Nadu, through the Commercial Taxes and Registration Department, issued G.O. Ms. No. 70, Commercial Taxes and Registration (J1), dated 13 July 2015, remitting stamp duty on lease instruments for new manufacturing facilities or expansion projects in specified State Industries Promotion Corporation of Tamil Nadu Limited industrial parks. The remission covers industrial parks in nine southern districts of Tamil Nadu.
What the notification does
G.O. Ms. No. 70, Commercial Taxes and Registration (J1), dated 13 July 2015, removes the duty chargeable under the Indian Stamp Act, 1899 on specified lease instruments. The Governor of Tamil Nadu granted the remission using the powers provided by that Act.
The notification was published by the Commercial Taxes and Registration Department in Part II, Section 2 of the Tamil Nadu Government Gazette dated 19 August 2015.
Leases covered
The stamp duty remission applies to instruments of lease connected with:
- New manufacturing facilities.
- Expansion projects.
- Projects located in existing or new State Industries Promotion Corporation of Tamil Nadu Limited industrial parks.
The notification does not state a particular remission rate or set out additional eligibility conditions beyond the type of project, the lease instrument and the location.
Districts covered
G.O. Ms. No. 70 identifies State Industries Promotion Corporation of Tamil Nadu Limited industrial parks in the following districts:
- Sivagangai.
- Ramanathapuram.
- Pudukottai.
- Dindigul.
- Theni.
- Virudhunagar.
- Thoothukudi.
- Tirunelveli.
- Kanniyakumari.
Who may be affected
The remission is relevant to manufacturers and project developers taking industrial land or premises on lease for a new manufacturing facility or an expansion project in one of the identified industrial parks. It may also be relevant to property professionals checking the stamp duty treatment of such an industrial lease instrument.
The notification is limited to lease instruments for the stated manufacturing purposes and locations. It does not describe a general stamp duty remission for residential purchases, ordinary land sales, leases outside the identified industrial parks, or projects unrelated to new manufacturing facilities or expansion.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Does the notification waive stamp duty on a lease in a State Industries Promotion Corporation of Tamil Nadu Limited industrial park?
Yes, if the lease instrument is for a new manufacturing facility or an expansion project in an existing or new industrial park in one of the nine listed districts.
Does the remission apply to the purchase of residential property?
The notification only covers instruments of lease for new manufacturing facilities or expansion projects in specified industrial parks. It does not provide a remission for residential property purchases.
Is an industrial park lease in Chennai covered?
Chennai is not among the districts listed. The notification names Sivagangai, Ramanathapuram, Pudukottai, Dindigul, Theni, Virudhunagar, Thoothukudi, Tirunelveli and Kanniyakumari.
Does the notification state how long the stamp duty remission remains available?
No period of operation or closing date is stated in the supplied notification.
