Official guidance, Tamil Nadu land law
Office Order O.O. No. 64/2021, Revision of Plot Allotment Rate for Tindivanam Industrial Park
State Industries Promotion Corporation of Tamil Nadu Limited issued Office Order O.O. No. 64/2021, dated 1 November 2021, revising the plot allotment rate for industries in Tindivanam Industrial Park. It provides a 50 percent subsidised rate per acre and applies to all allotments made with effect from 7 September 2021.
What the office order does
State Industries Promotion Corporation of Tamil Nadu Limited Office Order O.O. No. 64/2021 sets out the revised plot allotment rate for Tindivanam Industrial Park. Tindivanam Industrial Park is treated as being in a category "C" district for the concessional and incentive based land allotment policy.
The State Industries Promotion Corporation of Tamil Nadu Limited Board had noted that its land allotment policy was generally in line with the Tamil Nadu Industrial Policy 2021. The policy grants a land cost incentive of 10 percent for category "A" and "B" districts and 50 percent for category "C" districts.
Who is affected
Office Order O.O. No. 64/2021 affects industries receiving allotted land in Tindivanam Industrial Park. The revised rate applies to all allotments made with effect from 7 September 2021.
The document was circulated within the State Industries Promotion Corporation of Tamil Nadu Limited to:
- All General Managers.
- All heads of departments.
- The personal assistants to the Managing Director and Executive Director.
- Project Officers of State Industries Promotion Corporation of Tamil Nadu Limited industrial parks.
Rates and incentives
Office Order O.O. No. 64/2021 gives the following figures, all stated in lakhs of rupees per acre:
- Plot allotment rate: Rs. 112 lakh.
- Chargeable allotment rate shown in the allotment order after adjustment of the 25 percent land cost incentive extended by the State Industries Promotion Corporation of Tamil Nadu Limited: Rs. 84 lakh.
- Land cost subsidy to be reimbursed by the Government, calculated at 25 percent of the plot allotment rate: Rs. 28 lakh.
- Subsidised plot allotment rate: Rs. 56 lakh.
The document describes the resulting allotment as being made at a 50 percent subsidised rate per acre for the extent allotted to industries in Tindivanam Industrial Park.
What buyers and businesses should check
An industry considering or holding an allotment in Tindivanam Industrial Park should check the allotment date and the rate recorded in its allotment order. Allotments made from 7 September 2021 are stated to be covered by the revised rate, while the document does not explain the treatment of allotments made before that date.
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 plot allotment rate in Tindivanam Industrial Park?
Office Order O.O. No. 64/2021 states a subsidised plot allotment rate of Rs. 56 lakh per acre.
From what date does the revised rate apply?
The revised plot allotment rate applies to all allotments made with effect from 7 September 2021.
What is the original plot allotment rate before incentives and subsidy?
The plot allotment rate shown in the document is Rs. 112 lakh per acre.
Does the concessional rate apply to land outside Tindivanam Industrial Park?
Office Order O.O. No. 64/2021 specifically covers the extent allotted to industries in Tindivanam Industrial Park. It does not state that the listed rate applies to land outside that industrial park.
