Tamil Nadu Government Gazette, No. 38, Part II, Section 2 (2024)
The Government of Tamil Nadu published Tamil Nadu Government Gazette No. 38, Part II, Section 2 on 18 September 2024, containing notifications from Secretariat departments. It amends a Commercial Taxes and Registration Department stamp duty notification and publishes Home Department interim attachment orders, G.O. (D) No. 994 dated 19 August 2024, G.O. (3D) No. 74 dated 20 August 2024 and G.O. (4D) No. 49 dated 19 August 2024, concerning properties linked to financial establishments that defaulted on deposits.
What the Gazette covers
Tamil Nadu Government Gazette No. 38, Part II, Section 2 contains government notifications affecting particular organisations, properties and public bodies. For property owners and buyers, the most relevant entries are interim attachments under the Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997.
Properties attached for depositor claims
The Home Department published the following actions:
- G.O. (D) No. 994, Home (Police XIX), dated 19 August 2024, attaches a Benz car registered as TN 41 AA 6363. The car is in the name of R. Ridhuvarnan, identified as accused number 2 and proprietor of Messrs Sarva Itech Solutionz Limited, Coimbatore District. Its stated value is Rs. 20,00,000. Control is transferred to the Competent Authority and District Revenue Officer, Coimbatore District.
- G.O. (3D) No. 74, Home (Police XIX), dated 20 August 2024, attaches immovable property belonging to Selvaraj, identified as accused number 1 in connection with Messrs Sri Selvaganapathi Auto Finance, Theni District. The property is in Ward No. 15, Vaikkal Street, Kamaiyagaoundanpatti Village, Uthamapalayam Taluk, Theni District. It measures 4,389 square feet and has a stated total value of Rs. 61,15,209. Control is transferred to the Competent Authority and District Revenue Officer, Theni District.
- G.O. (4D) No. 49, Home (Police XIX), dated 19 August 2024, concerns additional immovable properties linked to Messrs N. S. Agro Emu Farms and Hatchery, Erode District. The notification states that depositors complained of non-return of matured deposits and that the properties were allegedly obtained from collected deposits.
The relevant District Revenue Officers are directed to take further action, with assistance from Special Public Prosecutors before the Special Courts.
Stamp duty notification amended
G.O. (Rt) No. 526, Commercial Taxes and Registration (J1), dated 2 September 2024, amends an earlier notification concerning consolidated stamp duty for insurance policies issued by Cholamandalam MS General Insurance Company Limited, Chennai.
- The date stated in the earlier notification changes from 15 August 2024 to 15 December 2024.
- The amount changes from Rs. 2,40,00,000 to Rs. 3,20,00,000.
Who should check the details
Buyers, lenders and professionals dealing with the identified Theni property, or with assets connected to the named financial establishments, should note that government control has been placed over the listed assets for depositor protection proceedings.
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
Is the property in Kamaiyagaoundanpatti attached by the Government?
Yes. G.O. (3D) No. 74, Home (Police XIX), dated 20 August 2024, places an interim attachment on the listed 4,389 square foot property and transfers control to the Competent Authority and District Revenue Officer, Theni District.
Does the Sarva Itech Solutionz Limited notification attach land?
No land is listed in the supplied notification. G.O. (D) No. 994, Home (Police XIX), dated 19 August 2024, attaches a Benz car registered as TN 41 AA 6363.
Why were these assets attached?
The notifications state that depositors complained that the financial establishments failed to return deposits after maturity. The Government concluded that the establishments were unlikely to return those deposits and acted to protect depositors.
What changed for Cholamandalam MS General Insurance Company Limited?
G.O. (Rt) No. 526, Commercial Taxes and Registration (J1), dated 2 September 2024, changes the earlier notification's date to 15 December 2024 and its consolidated stamp duty amount to Rs. 3,20,00,000.
