O.O. No. 29/2022, Fixation of plot allotment rate for 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. The rate is Rs. 661.00 lakhs per acre, with a 10 percent land cost incentive of Rs. 66.10 lakhs per acre, for all allotments made with effect from 24 August 2022.
What the office order does
Office Order O.O. No. 29/2022 of the State Industries Promotion Corporation of Tamil Nadu Limited communicates the Board's approval of the plot allotment rate for developed land in SIPCOT Industrial Park, Thirumudivakkam. The Board approved the rate at its meeting held on 24 August 2022.
The document fixes the following amounts:
- Plot allotment rate: Rs. 661.00 lakhs per acre.
- Land cost incentive at 10 percent: Rs. 66.10 lakhs per acre.
- The table identifies the location under the category “A” District.
The office order does not explain the eligibility conditions, calculation process or procedure for receiving the land cost incentive.
Who is affected
Office Order O.O. No. 29/2022 applies to all allotments made in SIPCOT Industrial Park, Thirumudivakkam, with effect from 24 August 2022. A person or business receiving an allotment from that date should therefore check the allotment documents against the approved per acre rate.
The document concerns developed land allotted within this named industrial park. It does not provide rates for other SIPCOT industrial parks or describe rates for private land transactions outside the allotment process.
Key points for applicants and allottees
- The approved plot allotment rate is stated per acre, not per plot or per square foot.
- The applicable rate is Rs. 661.00 lakhs for one acre of developed land.
- The listed 10 percent land cost incentive is Rs. 66.10 lakhs per acre.
- The effective date is based on when the allotment was made, with coverage beginning on 24 August 2022.
- The office order records the rate and incentive but does not set out payment schedules, application steps or other allotment conditions.
Administrative background
The State Industries Promotion Corporation of Tamil Nadu Limited issued Office Order O.O. No. 29/2022 following the Board meeting of 24 August 2022. The office order is dated 12 September 2022 and was circulated to General Managers, District Revenue Officers, heads of departments and 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 approved plot allotment rate at SIPCOT Industrial Park, Thirumudivakkam?
The approved rate for developed land is Rs. 661.00 lakhs per acre.
From what date does the Thirumudivakkam plot rate apply?
The rate applies to all allotments made with effect from 24 August 2022.
What land cost incentive is listed for Thirumudivakkam?
The document lists a 10 percent land cost incentive of Rs. 66.10 lakhs per acre.
Does the office order explain how to claim the land cost incentive?
No. Office Order O.O. No. 29/2022 states the incentive amount but does not provide eligibility conditions or a claim procedure.
