O.O. No. 30/2021, Revision of Initial Deposit for SIPCOT Industrial Park Land Allotment
SIPCOT, through its Managing Director, issued Office Order No. 30/2021 on 30 March 2021 to revise the initial deposit payable for land allotment in SIPCOT Industrial Parks, with effect from 1 April 2021. The approved deposits are Rs.50,000 per acre for districts identified in the operative sentence as "@" Districts and Rs.1,00,000 per acre for other districts. The office order cites Office Order No. 31/2020 dated 31 July 2020, but does not state that the earlier order is fully superseded.
What the office order governs
Office Order No. 30/2021 governs the initial deposit required when land is allotted in SIPCOT Industrial Parks. The Board of SIPCOT approved the revision at its meeting on 16 March 2021, and the Managing Director signed the office order dated 30 March 2021.
The revised deposit applies from 1 April 2021. It is relevant to businesses and other applicants seeking allotment of land in a SIPCOT Industrial Park, as well as SIPCOT officers processing allotments.
Revised initial deposit
Office Order No. 30/2021 records the following approved amounts:
- Rs.50,000 per acre for districts described in the operative sentence as "@" Districts.
- Rs.1,00,000 per acre for the other districts.
The supplied text does not explain what the "@" symbol means or expressly connect that symbol to one of the three district categories listed below. A buyer or applicant should therefore confirm the applicable deposit category with SIPCOT rather than infer it from the category list alone.
District categories listed
Office Order No. 30/2021 groups districts into three categories:
- Category A: Chengalpattu, Chennai, Kancheepuram and Tiruvallur.
- Category B: Coimbatore, Erode, Karur, Krishnagiri, Namakkal, The Nilgiris, Ranipet, Salem, Tiruchirapalli, Tirupattur, Tiruppur and Vellore.
- Category C: Ariyalur, Cuddalore, Dharmapuri, Dindigui, Kallakurichi, Kanniyakumarì, Madurai, Mayiladuthurai, Nagapattinam, Perambulur, Pudukottai, Ramanathapuram, Sivagangai, Tenkasi, Thanjavur, Theni, Thiruvarur, Thoothukudi, Tirunelveli, Thiruvannamalai, Villupuram and Virudhunagar.
The district names above follow the supplied text.
Relationship with the earlier office order
Office Order No. 30/2021 refers to SIPCOT Office Order No. 31/2020 dated 31 July 2020. It revises the initial deposit for land allotment, but does not expressly state that every part of Office Order No. 31/2020 is cancelled or replaced.
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
When did the revised SIPCOT initial deposit take effect?
The revised initial deposit took effect on 1 April 2021.
How much initial deposit is payable per acre?
The office order specifies Rs.50,000 per acre for districts described as "@" Districts and Rs.1,00,000 per acre for other districts. The supplied text does not define the "@" symbol, so applicants should confirm the applicable amount with SIPCOT.
Does Office Order No. 30/2021 cancel Office Order No. 31/2020?
The text cites Office Order No. 31/2020 and revises the initial deposit, but it does not expressly state that the earlier office order is fully cancelled or superseded.
Who is affected by the revised deposit?
The revision affects applicants seeking allotment of land in SIPCOT Industrial Parks and the SIPCOT officers handling those allotments.
