O.O. No.31/2024, Revision of Plot Cost for SIPCOT Industrial Park, Dharmapuri
The State Industries Promotion Corporation of Tamil Nadu Limited, a Government of Tamil Nadu undertaking, issued Office Order O.O. No.31/2024 dated 26 December 2024, fixing the revised allotment rate for developed land in SIPCOT Industrial Park, Dharmapuri Phase I at Rs.140.00 lakhs per acre, or Rs.70.00 lakhs per acre for subsidized allotment with the 50% subsidy. The revised rate applies from the SIPCOT Board meeting held on 4 December 2024 and supersedes O.O. No.20/2022 dated 8 July 2022.
What the office order does
Office Order O.O. No.31/2024 of the State Industries Promotion Corporation of Tamil Nadu Limited revises the plot allotment cost for developed land at SIPCOT Industrial Park, Dharmapuri Phase I. The SIPCOT Board approved the revision at its meeting held on 4 December 2024.
The approved rates are:
- Standard plot allotment rate: Rs.140.00 lakhs per acre.
- Rate for subsidized allotment after the 50% subsidy: Rs.70.00 lakhs per acre.
- Land covered: developed land in SIPCOT Industrial Park, Dharmapuri Phase I.
Basis for the subsidy
Office Order O.O. No.31/2024 identifies Dharmapuri Industrial Park as falling within a category "C" district. It states that the State Industries Promotion Corporation of Tamil Nadu Limited extends a 50% land cost incentive for category "C" districts under Circular No.40/2021 dated 12 April 2021, generally in line with the Tamil Nadu Industrial Policy 2021.
The office order states the resulting subsidized allotment rate but does not provide further conditions for deciding which allotments qualify for the subsidy.
When the revised rate applies
The revised plot allotment rate applies from 4 December 2024, the date of the SIPCOT Board meeting that approved the revision. This is earlier than the office order date of 26 December 2024.
Office Order O.O. No.31/2024 was issued in supersession of O.O. No.20/2022 dated 8 July 2022. Therefore, the earlier office order is replaced for the plot allotment rate covered by this revision.
Who should check the office order
Office Order O.O. No.31/2024 is relevant to businesses and professionals considering an allotment of developed industrial land at SIPCOT Industrial Park, Dharmapuri Phase I. It is also relevant to SIPCOT officers processing or reviewing such allotments, including the project officers of SIPCOT Industrial Parks.
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 revised plot allotment rate at SIPCOT Industrial Park, Dharmapuri?
The revised rate for developed land in Dharmapuri Phase I is Rs.140.00 lakhs per acre.
What is the rate after the 50% subsidy?
The office order states that the 50% subsidy reduces the rate to Rs.70.00 lakhs per acre for subsidized allotment.
From what date does the revised rate apply?
The revised rate applies from 4 December 2024, the date of the SIPCOT Board meeting that approved it.
Does O.O. No.31/2024 replace an earlier office order?
Yes. Office Order O.O. No.31/2024 supersedes O.O. No.20/2022 dated 8 July 2022.
