Office Order O.O. No.30/2022, SIPCOT Industrial Park, Nemili Plot Allotment Rate
The State Industries Promotion Corporation of Tamil Nadu Limited, a Government of Tamil Nadu undertaking, issued Office Order O.O. No.30/2022 dated 12 September 2022 to fix the developed land allotment rate at SIPCOT Industrial Park, Nemili. The rate is Rs. 785.00 lakhs per acre, with a listed land cost incentive of Rs. 78.50 lakhs per acre at 10%, for all allotments made from 24 August 2022.
What the office order does
Office Order O.O. No.30/2022 dated 12 September 2022 communicates the rate approved by the Board of the State Industries Promotion Corporation of Tamil Nadu Limited for developed land at SIPCOT Industrial Park, Nemili. The Board approved the rate at its meeting held on 24 August 2022.
The office order establishes the following figures:
- Plot allotment rate: Rs. 785.00 lakhs per acre.
- Land cost incentive at 10%: Rs. 78.50 lakhs per acre.
- District category shown in the table: "A" District.
Who is affected
The rate fixed by the State Industries Promotion Corporation of Tamil Nadu Limited applies to all allotments made at SIPCOT Industrial Park, Nemili, with effect from 24 August 2022. A person or business receiving an allotment from that date should therefore refer to the rate of Rs. 785.00 lakhs per acre stated in the office order.
The document was circulated internally to all General Managers, all Heads of Departments, the personal assistants to the Managing Director and Executive Director, and all Project Officers of SIPCOT Industrial Parks.
Land cost incentive
Office Order O.O. No.30/2022 lists a land cost incentive of Rs. 78.50 lakhs per acre, calculated at 10% of the stated plot allotment rate. The document does not explain the eligibility conditions, application process or manner in which the incentive is applied. Readers should not assume from this document alone that every allottee automatically receives the incentive.
Points for buyers and allottees
The Nemili rate communication is limited to fixing the per acre rate and recording the 10% land cost incentive amount. It does not state:
- Available plot sizes.
- Eligibility requirements for an allotment.
- Payment schedules or instalment terms.
- Conditions for receiving the land cost incentive.
- Registration charges or other transaction costs.
A prospective allottee can use the office order to identify the approved per acre rate applicable from 24 August 2022, but the document does not provide the complete financial or procedural terms of an allotment.
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 allotment rate at SIPCOT Industrial Park, Nemili?
The developed land allotment rate is Rs. 785.00 lakhs per acre.
From what date does the Nemili allotment rate apply?
The rate applies to all allotments made with effect from 24 August 2022.
What land cost incentive is listed for Nemili?
The office order lists a land cost incentive of Rs. 78.50 lakhs per acre at 10%. It does not state the eligibility conditions or application process for the incentive.
Does the office order provide payment terms or available plot sizes?
No. The document fixes the per acre allotment rate and lists the incentive amount, but it does not give payment terms or available plot sizes.
