SIPCOT Circular 27-2022, Fixation of Plot Allotment Rate for SIPCOT Industrial Park, Theni including Food Park
State Industries Promotion Corporation of Tamil Nadu Limited, a Government of Tamil Nadu undertaking, issued SIPCOT Circular 27-2022 dated 26 August 2022 to fix plot allotment rates for developed land in Theni Food Park and SIPCOT Industrial Park, Theni. The rates apply to eligible industries receiving allotments on a 99-year lease from 27 July 2022, with a 50 per cent land cost subsidy reflected through incentives from SIPCOT and the Government.
What the circular governs
State Industries Promotion Corporation of Tamil Nadu Limited issued SIPCOT Circular 27-2022 following approval by its Board at the meeting held on 27 July 2022. It fixes per-acre plot allotment rates for developed land in Theni Food Park and the balance allotable area of the general park within SIPCOT Industrial Park, Theni.
The circular applies to allotments made from 27 July 2022. Land is offered to eligible industries on a 99-year lease basis.
Land covered
SIPCOT Circular 27-2022 identifies the following developed industrial land:
- Theni Food Park, covering 109.80 acres.
- The balance allotable area of the general park in SIPCOT Industrial Park, Theni, covering 209.33 acres.
Rates and subsidy
SIPCOT Circular 27-2022 sets out these amounts, all expressed in lakhs of rupees per acre:
- Theni Food Park: Plot allotment rate of Rs.46.00 lakhs. The chargeable rate in the allotment order is Rs.34.50 lakhs after a SIPCOT land cost incentive of Rs.11.50 lakhs. A further Government-reimbursed subsidy of Rs.11.50 lakhs results in a subsidised plot allotment rate of Rs.23.00 lakhs.
- Theni Industrial Park: Plot allotment rate of Rs.49.00 lakhs. The chargeable rate in the allotment order is Rs.36.75 lakhs after a SIPCOT land cost incentive of Rs.12.25 lakhs. A further Government-reimbursed subsidy of Rs.12.25 lakhs results in a subsidised plot allotment rate of Rs.24.50 lakhs.
Who is affected
SIPCOT Circular 27-2022 is relevant to industries seeking developed plots in Theni Food Park or SIPCOT Industrial Park, Theni. The stated rates and subsidy apply only to eligible industries.
Theni Industrial Park is classified as being in a category "C" district. The circular states that eligible industries receive a 50 per cent land cost subsidy on the plot allotment rate, generally in line with the Tamil Nadu Industrial Policy 2021.
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
What is the subsidised rate for a plot in Theni Food Park?
SIPCOT Circular 27-2022 gives a subsidised plot allotment rate of Rs.23.00 lakhs per acre for eligible industries in Theni Food Park.
What is the subsidised rate for the general Theni Industrial Park?
SIPCOT Circular 27-2022 gives a subsidised plot allotment rate of Rs.24.50 lakhs per acre for eligible industries in SIPCOT Industrial Park, Theni.
Are plots allotted on sale or lease?
State Industries Promotion Corporation of Tamil Nadu Limited approved allotment of the covered developed land to eligible industries on a 99-year lease basis.
From what date do these rates apply?
The plot allotment rates apply to all allotments made from 27 July 2022 in SIPCOT Industrial Park, Theni, including Theni Food Park.
