Green Light for Parandur: Land Secured for Chennai's New Airport

The Tamil Nadu government has completed the first phase of land acquisition for the proposed greenfield airport at Parandur, with 17.52 acres formally transferred to the Tamil Nadu Industrial Development Corporation (TIDCO).

A total of 19 landowners—from five villages, including eight local and 11 non-local residents—voluntarily handed over their land following a direct negotiation meeting chaired by the Kancheepuram District Collector. As part of the settlement, ₹9.22 crore in compensation was directly credited to their bank accounts.

This development follows the state’s recent notification of a structured compensation framework for Chennai’s second airport. Compensation rates range from ₹35 lakh to ₹2.58 crore per acre, based on Guideline Land Value (GLV), prevailing market rates, and negotiated terms. For land valued between ₹5 lakh and ₹17 lakh per acre, payouts range from ₹35 lakh to ₹60 lakh per acre.

The entire project will require acquisition of 3,774.1 acres of patta (private) land and 1,972.17 acres of government land.

News by Rahul Yelligetti.