With the price of cars going north as each day passes - with the increase of taxes imposed on new cars, luxury cars and cars from foreign car manufacturers, a lot of people are choosing second-hand cars over brand new cars. In fact, according to a report, the sale of luxury second-hand cars in India has increased by over 15% in the last two years, mainly due to the stiff taxes imposed on new luxury cars. When selling a car, it is important that you change the ownership to the person buying the car. The change of ownership has to be done at the RTO the car was registered in and the legal liability of the car is passed on to the new owner. Failure to transfer ownership or make the RC transfer, will result in you being notified for any legal offence caused by the new owner of the car. For this very reason, changing the ownership of the car irrespective of the depreciation of the value of the car for changing hands is a must. Let’s take a look at how a vehicle ownership transfer is done.
Once the car is sold, the transfer of ownership has to be carried out by the new owner within 14 days of the sale. The new owner as well as the previous owner has to intimate the RTO that the car is registered in and submit a list of documents to begin the process of transfer of ownership. As soon as the transfer of ownership documents have been submitted, the RTO will take about a month to completely transfer the ownership. Once the transfer is done, both parties can check online to confirm the transfer of ownership.
Listed below are the documents that will have to be submitted at the RTO for vehicle owner transfer:
If you are buying from a second-hand dealer, the whole documentation process and the cost is usually taken care by them and is inclusive of the buying price.
As already mentioned, the whole process of transfer of ownership will take approximately a month or so to be completed. Note, you have to initiate the process within 14 days from the date of sale as mentioned on the sale agreement and the transfer of ownership form. Once the RC transfer is complete, both parties can check online to confirm that the transfer of ownership has actually taken place. They can check the details on the transport department portal, based on the state of registration.
Once all the documents have been submitted at the Regional Transport Office, the RTO executive will hand over an acknowledgement slip to the buyer. The buyer can the use the acknowledgement number to check the status of the transfer of ownership online on the website of the Ministry of Road Transport and Highways. Usually, the registration certificate of the vehicle with the new ownership will be mailed to the residence of the buyer within 30 days.
Yes, you will have to submit Form 28, Form 29, and Form 30 as well as a No Objection Certificate from the RTO where the vehicle is registered to the RTO in your jurisdiction.
The fee to transfer vehicle ownership usually varies from one state to another but it is not too expensive. Usually, the fee is around Rs.100.
If the original owner of the vehicle has died, you will have to submit the death certificate of the original owner of the car along with the other required documents.
No, the original registration certificate will be required to carry out the process.
No, that is not possible.
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