Tamil Nadu Government Gazette, No. 46, Part II, Section 2 (2024)
The Government of Tamil Nadu published Tamil Nadu Government Gazette No. 46, Part II, Section 2 on 20 November 2024, including Commercial Taxes and Registration Department G.O. Ms. No. 129 dated 25 October 2024 and G.O. Ms. No. 130 dated 28 October 2024, and Home Department G.O.(2D) No. 281 dated 6 September 2024, G.O.(4D) No. 87 dated 15 October 2024 and G.O.(4D) No. 93 dated 22 October 2024. The Commercial Taxes and Registration Department notifications remit stamp duty for specified industrial transactions, while the Home Department orders temporarily attach properties linked to financial establishments accused of failing to return deposits.
What the Gazette covers
The Government of Tamil Nadu published this Gazette issue as a collection of notifications and orders affecting particular sections of the public. The supplied text includes two stamp duty remissions issued by the Commercial Taxes and Registration Department and three property attachment orders issued by the Home Department.
Stamp duty for industrial projects
The Commercial Taxes and Registration Department issued the following concessions under the Indian Stamp Act, 1899:
- G.O. Ms. No. 129, Commercial Taxes and Registration (J1), dated 25 October 2024, remits stamp duty on sale or lease instruments for industrial land, sheds or buildings in parks promoted by the State Industries Promotion Corporation of Tamil Nadu, Tamil Nadu Industrial Development Corporation Limited, Small Industries Development Corporations, joint ventures of the Tamil Nadu Industrial Development Corporation Limited, Electronics Corporation of Tamil Nadu Limited or another government agency. The transaction must pursue the Tamil Nadu Aerospace and Defence Industrial Policy, 2022. The remission is deemed effective from 1 April 2022.
- G.O. Ms. No. 130, Commercial Taxes and Registration (J1), dated 28 October 2024, remits stamp duty on sale or lease instruments where land is sold or leased by the Tamil Nadu Industrial Development Corporation Limited, State Industries Promotion Corporation of Tamil Nadu or Electronics Corporation of Tamil Nadu Limited for projects eligible under the Tamil Nadu Electric Vehicles Policy, 2023. It applies to instruments executed while that policy is in force and is deemed effective from 22 February 2023.
Properties attached for depositor protection
The Home Department issued ad-interim attachments under the Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997:
- G.O.(2D) No. 281, Home (Police - XIX), dated 6 September 2024, attaches 60 cents in Survey No. 440/5 at Neeravi Karisal Kulam Village, Kamuthi Taluk, Ramanathapuram District, in the name of Messrs Rich India Agro Tech LLP. Control passes to the Competent Authority and District Revenue Officer, Madurai District.
- G.O.(4D) No. 87, Home (Police - XIX), dated 15 October 2024, attaches listed properties of Afsalrahuman connected with Messrs Raahath Transport Company. The properties are at Chakkarapalli Village, Papanasam Taluk, Thanjavur District, cover a stated total of 1,69,526 square feet and pass under the control of the Competent Authority and District Revenue Officer, Thanjavur District.
- G.O.(4D) No. 93, Home (Police - XIX), dated 22 October 2024, attaches movable and immovable properties of Messrs New Raise Alayam Finance Private Limited and transfers control to the Competent Authority and District Revenue Officer, Sivagangai District. The supplied text does not include its property schedule.
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Common questions
Does the aerospace and defence stamp duty remission apply to any industrial land?
No. It applies to sale or lease instruments for industrial land, sheds or buildings located in parks promoted by the listed government agencies or another government agency, in pursuance of the Tamil Nadu Aerospace and Defence Industrial Policy, 2022.
When did the electric vehicle project stamp duty concession take effect?
The Commercial Taxes and Registration Department notification is deemed to have taken effect from 22 February 2023. The instrument must be executed while the Tamil Nadu Electric Vehicles Policy, 2023 is in force.
Does the Rich India Agro Tech attachment cover land in Ramanathapuram District?
Yes. G.O.(2D) No. 281 attaches 60 cents in Survey No. 440/5 at Neeravi Karisal Kulam Village, Kamuthi Taluk, Ramanathapuram District.
Who controls the attached Raahath Transport Company properties?
Control is transferred to the Competent Authority and District Revenue Officer, Thanjavur District. The properties listed in the supplied schedule are at Chakkarapalli Village, Papanasam Taluk, Thanjavur District.