Stamp Duty Concessions for Aerospace, Defence and Electric Vehicle Projects
The Commercial Taxes and Registration (J1) Department of the Government of Tamil Nadu issued G.O. (Ms.) No. 164 and G.O. (Ms.) No. 165 on 27 November 2021, granting stamp duty concessions for specified aerospace, defence and electric vehicle industrial land transactions. G.O. (Ms.) No. 164 provides 100% or 50% relief depending on the project and location, while the exemption under G.O. (Ms.) No. 165 remained in force only until 31 December 2022.
What the documents cover
The Commercial Taxes and Registration (J1) Department issued G.O. (Ms.) No. 164 and G.O. (Ms.) No. 165 on 27 November 2021. They remit stamp duty on qualifying instruments of sale, lease or lease-cum-sale involving land for specified industrial projects.
A Registration Department letter, Letter No. 5494 / C2 / 2020 dated 2 December 2021, circulated copies of G.O. (Ms.) Nos. 164, 165, 166 and 167 to registration officers for information and action. The supplied text gives the detailed provisions of G.O. (Ms.) Nos. 164 and 165 only.
Aerospace and defence projects
G.O. (Ms.) No. 164 of the Commercial Taxes and Registration (J1) Department provides:
- 100% stamp duty exemption for original allotments to industries pursuing projects under Ministry of Defence offset obligations in industrial, aerospace or defence parks promoted by SIPCOT or TIDCO anywhere in Tamil Nadu.
- 100% stamp duty exemption for original allotments to aerospace or defence units in SIPCOT or TIDCO promoted industrial, aerospace or defence parks in Southern districts, as defined in the Tamil Nadu Aerospace and Defence Industrial Policy, 2019.
- 50% stamp duty exemption for aerospace or defence units in such parks in districts other than Southern districts.
- Coverage of instruments of sale, lease and lease-cum-sale.
The notifications under G.O. (Ms.) No. 164 are deemed to have taken effect from 22 February 2019. No end date is stated in the supplied text.
Electric vehicle projects
G.O. (Ms.) No. 165 of the Commercial Taxes and Registration (J1) Department remits stamp duty on sale, lease or lease-cum-sale instruments for land executed in favour of qualifying electric vehicle and charging infrastructure manufacturing projects.
Eligibility required:
- Investment exceeding Rs.50 crores.
- At least 50 direct jobs.
- An electric vehicle related or charging infrastructure manufacturing industrial project in Tamil Nadu.
The notification is deemed to have taken effect from 9 October 2019 and remained in force until 31 December 2022.
Who may be affected
The concessions concern qualifying industrial entities acquiring land through the specified instruments. The text does not extend the concessions to ordinary residential or other unrelated property transactions.
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Common questions
Does an ordinary home purchase qualify for these stamp duty exemptions?
No such exemption is stated. The concessions are limited to qualifying aerospace, defence, electric vehicle and charging infrastructure manufacturing projects.
Do all aerospace and defence projects receive a 100% exemption?
No. The 100% exemption applies to specified Ministry of Defence offset projects across Tamil Nadu and qualifying units in Southern districts. Qualifying units in other districts receive a 50% exemption.
Is the electric vehicle project exemption still available?
G.O. (Ms.) No. 165 states that its notification remained in force only until 31 December 2022.
What land documents are covered by these concessions?
The notifications cover qualifying instruments of sale, lease or lease-cum-sale. The aerospace and defence exemptions apply to the original allotments specified in G.O. (Ms.) No. 164.
