When it comes to cars, are you going to buy or sell in India? In that case, being aware of how to hand over ownership of a car is essential. Following the correct procedures to transfer ownership of a bike or car can help you avoid possible legal problems as well as reduce your valuable time and effort.
The procedure might occasionally seem quite drawn out and complicated as Regional motor vehicle rules govern it. This post will cover everything there is to know about giving ownership of your car or bike to someone else without making things overly complex.
How to transfer car ownership online?
The Indian government launched the Parivahan Sewa site to streamline the car ownership transfer procedure. This is the online method for transferring ownership:
- Hover over to the parivahan.gov.in website and choose your state.
- Enter the necessary information about the prospective buyer, vendor, and car. Submit the required files, such as the address and identity verification, the emission certificate, the insurance agreement, and the RC.
- Make the necessary online payments with a debit card, credit card, or net banking.
- Apply, then watch for confirmation. The corresponding RTO will examine the documentation and your application.
- If all goes according to plan, the RTO will handle your application and provide a fresh RC under the buyer’s identity.
Documents needed for car ownership transfer
Registration certificate
The vendor owns the originally issued registration certificate (RC). Moreover, the RC might be a smart card.
Car Insurance certificate
A legit car insurance certificate of the car.
PUC certificate
Authentic Certificate of Pollution Under Control. For automobiles acquired prior to April 2010, PUC must be updated every three months. The PuC needs to be verified yearly for cars purchased after April 2010.
PAN and address proof documents
Current utility bills (including those for gas, water, electricity, and phone), any documentation related to KYC, which consists of the current address, etc. Additionally, if an automobile is sold for around Rs. 50,000, the dealer’s and the consumer’s PAN cards are required.
Besides the aforementioned documents, other documents required are Form 28, 29, 30, 31, 32, and 35.
Car ownership transfer cost
The price tag of transferring car ownership varies depending on the Regional Transport Office (RTO). The age of your car could also make a difference. The amount of an automobile ownership transfer cost might range from Rs. 300 to Rs. 2,000 or more. This is a summary of the two-wheeler transfer costs in India. The cost of a light motor vehicle for non-transport and transport will be Rs. 300 and 500. On the other hand, medium goods for passenger vehicles will be Rs. 750.
The process of transferring ownership of an automobile may appear cumbersome and include several steps, but to guarantee a seamless transfer, it is crucial to make sure that all paperwork is filed accurately and payment is made. You may now make use of your freshly acquired car and all the amazing adventures it offers with this certificate!
