O.O.No. 19/2022, Fixation of Plot Allotment Rate for SIPCOT Industrial Park, Manapparai including Food Park (Phase-I)
The State Industries Promotion Corporation of Tamil Nadu Limited issued Office Order No. 19/2022 dated 25 June 2022 to fix per acre plot allotment rates for developed land in the SIPCOT Manapparai Food Park (Phase-I) and SIPCOT Industrial Park, Manapparai (Phase-I). The rates, together with a 10 per cent back ended land cost incentive, apply to all allotments made from 9 June 2022.
Purpose
The State Industries Promotion Corporation of Tamil Nadu Limited issued Office Order No. 19/2022 dated 25 June 2022 to communicate its Board's approval of plot allotment rates for developed land at Manapparai. The approval covers 137.94 acres in SIPCOT Manapparai Food Park (Phase-I) and 328.16 acres in SIPCOT Industrial Park, Manapparai (Phase-I).
The Board approved the rates at its meeting held on 9 June 2022. The approved rates apply to all allotments made with effect from that date.
Plot allotment rates
Office Order No. 19/2022 fixes the following amounts:
- SIPCOT Manapparai Food Park (Phase-I): Plot allotment rate of Rs.54.00 lakhs per acre, with a 10 per cent back ended land cost incentive of Rs.5.40 lakhs per acre.
- SIPCOT Industrial Park, Manapparai (Phase-I): Plot allotment rate of Rs.57.00 lakhs per acre, with a 10 per cent back ended land cost incentive of Rs.5.70 lakhs per acre.
The rate table identifies the location under the category of "B" District and expresses all amounts in lakhs of rupees per acre.
Who is affected
The rates fixed by the State Industries Promotion Corporation of Tamil Nadu Limited affect allotments of developed plots in the two named Manapparai parks from 9 June 2022. A business or other applicant considering a plot allotment in either park can use the listed per acre rate and incentive amount to identify the applicable figures.
The document concerns plot allotment by the State Industries Promotion Corporation of Tamil Nadu Limited. It does not state that the figures apply to private land sales outside these industrial parks.
What the document does not cover
Office Order No. 19/2022 only communicates the approved plot allotment rates, the back ended incentive amounts, the land areas covered and the date from which the rates apply. It does not provide eligibility conditions, payment schedules, application procedures or other allotment terms.
Administration
The office order is issued under the authority of the Managing Director and forwarded by the General Manager (Finance). It was circulated to General Managers, heads of departments, senior offices and Project Officers of SIPCOT Industrial Parks.
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Common questions
What is the allotment rate for a plot in SIPCOT Manapparai Food Park (Phase-I)?
The approved plot allotment rate is Rs.54.00 lakhs per acre. The listed 10 per cent back ended land cost incentive is Rs.5.40 lakhs per acre.
What is the allotment rate for SIPCOT Industrial Park, Manapparai (Phase-I)?
The approved plot allotment rate is Rs.57.00 lakhs per acre. The listed 10 per cent back ended land cost incentive is Rs.5.70 lakhs per acre.
From what date do the Manapparai plot rates apply?
The rates apply to all allotments made with effect from 9 June 2022.
How much developed land is covered by the rate approval?
The approval covers 137.94 acres in SIPCOT Manapparai Food Park (Phase-I) and 328.16 acres in SIPCOT Industrial Park, Manapparai (Phase-I).
