Tariff - Estate Rentals

Revision of lease Rent of Port Lands for a period of 5 years w.e.f 01 July 2017 valid upto 30 June 2022 at V.O.Chidambaranar Port

Scale of Rates for Lease / License of land  in Port area belonging to the  VOCPT from 1st July 2017

 

Sl.No Purpose Rate in (Rs.) Per Sqm. Per Annum
Zone "A" Zone "B"
Port related Non – Port related
1 Service/Residential 122.11 122.11 219.80
2 Industrial 244.21 244.21 439.58
3 Commercial 370.03 370.03 666.04

 

Note:

 

1) The rates prescribed above shall be applicable with effect from 1st  July 2017  till 30th June 2022.
2) The rates shall be escalated by 2% per annum with effect from 1st July 2018  till 30th June 2022.
3) All other conditions  governing the license fee/lease rent shall be as per the amended Land Policy Guideline of 2014 issued by the Ministry of Shipping , and as may be amended from time to time.
 

Approved by TAMP vide Order No.TAMP/52/2017-VOCPT dated 22nd November, 2017