Yes, TALIPOT is a Scrabble word!

Letter values in Scrabble US: T 1, A 1, L 1, I 1, P 3, O 1, T 1.

Is it a valid word?

TALIPOT is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

tall palm of southern India and Sri Lanka with gigantic leaves used as umbrellas and fans or cut into strips for writing paper

Also: talipot palm, corypha umbraculifera.