Wondering what are the TANSIDCO 99 years lease terms and conditions? Plots and sheds that have been created may be leased, according to the terms and conditions set forth by the Tamil Nadu Small Industries Development Corporation Limited. Here are some important details about the terms and conditions of the lease.
It gives businesses a long-term opportunity to set up operations in the state by offering a 99-year lease option for industrial land.
The purpose of the terms and conditions is to encourage investment and the creation of jobs in Tamil Nadu by fostering economic growth and development in the state.
Within two months of the allocation order date, a 25% down payment of the plot fee is needed. The Earnest Money Deposit (EMD) will be forfeited and the allocation will be automatically revoked if this payment is not completed.
The allottee gets two choices at the end of the 99-year lease: give the plot back to TANSIDCO or extend the lease for an additional 99 years at the current plot cost. I hope you found this answer helpful.
Read more -What Happens When 99 Year Lease Expires in India?
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Authors Of The Question
How does 99 years lease work with TANSIDCO?
KaniMozhi
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3 months
2024-07-23T10:39:09+00:00 2024-07-25T10:23:08+00:00Comment
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