Office Order O.O. No. 29/2022, Fixation of Plot Allotment Rate at SIPCOT Industrial Park, Thirumudivakkam
The State Industries Promotion Corporation of Tamil Nadu Limited issued Office Order O.O. No. 29/2022 dated 12 September 2022, fixing the plot allotment rate for developed land in SIPCOT Industrial Park, Thirumudivakkam at Rs. 661.00 lakhs per acre. The rate applies to all allotments made with effect from 24 August 2022, and the accompanying table lists a 10 percent land cost incentive of Rs. 66.10 lakhs per acre for the park under the "A" District category.
What the document does
Office Order O.O. No. 29/2022 dated 12 September 2022 was issued by the State Industries Promotion Corporation of Tamil Nadu Limited, a Government of Tamil Nadu undertaking. It communicates the Board's approval of the plot allotment rate for developed land in SIPCOT Industrial Park, Thirumudivakkam.
The Board of the State Industries Promotion Corporation of Tamil Nadu Limited approved the rate at its meeting held on 24 August 2022. The office order states that the approved rate applies to all allotments made with effect from that date.
Rate fixed for Thirumudivakkam
The rate table in Office Order O.O. No. 29/2022 provides the following figures:
- Industrial park: SIPCOT Industrial Park, Thirumudivakkam.
- Classification shown in the table: "A" District.
- Plot allotment rate for developed land: Rs. 661.00 lakhs per acre.
- Land cost incentive at 10 percent: Rs. 66.10 lakhs per acre.
- Applicability date: All allotments made with effect from 24 August 2022.
The office order identifies the incentive amount but does not provide eligibility conditions, an application process or further instructions on how the incentive is applied.
Who is affected
Office Order O.O. No. 29/2022 directly concerns persons or businesses receiving plot allotments in SIPCOT Industrial Park, Thirumudivakkam on or after 24 August 2022. It is also relevant to professionals reviewing the stated land cost for an industrial plot allotted by the State Industries Promotion Corporation of Tamil Nadu Limited in that park.
The communication was addressed to all General Managers, District Revenue Officers, Heads of Departments, the Personal Assistants to the Managing Director and Executive Director, and copied to Project Officers of SIPCOT Industrial Parks.
What buyers should verify
A prospective allottee should check whether the allotment date falls on or after 24 August 2022 and whether the land is developed land within SIPCOT Industrial Park, Thirumudivakkam. The office order does not set out payment schedules, plot sizes, incentive eligibility requirements or other allotment conditions.
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 plot allotment rate at SIPCOT Industrial Park, Thirumudivakkam?
Office Order O.O. No. 29/2022 fixes the rate for developed land at Rs. 661.00 lakhs per acre.
From what date does the Thirumudivakkam rate apply?
The rate applies to all allotments made with effect from 24 August 2022.
What land cost incentive is listed for the industrial park?
The table lists a 10 percent land cost incentive of Rs. 66.10 lakhs per acre for SIPCOT Industrial Park, Thirumudivakkam under the "A" District category.
Does the office order explain who qualifies for the incentive?
No. Office Order O.O. No. 29/2022 lists the incentive amount but does not provide eligibility conditions or an application process.
