Are you selling your car, bike or scooter? Great! But before you hand over the keys, there’s one more step: transferring ownership. This makes things official and keeps you safe from any future issues and obviously responsibilities towards vehicle.
But don’t worry, it’s not complicated! Here’s a simple guide:
Gather Your Documents:
Think of it like packing for a trip. You’ll need a few things:
- The original Registration Certificate (RC) of your vehicle.
- The purchase invoice (the paper you got when you bought the vehicle).
- Two forms: Form 29 (tells everyone you’re selling) and Form 30 (helps the new owner register).
- Proof of a recent pollution check (like a clean bill of health for your car).
- A copy of the vehicle insurance policy (make sure it’s updated with the new owner’s name!).
- Address proof for both you and the buyer (like a utility bill).
- Your PAN card and the buyer’s PAN card (a kind of ID number).
- A passport-sized photo of the buyer (so they can be on the new RC).
Two Ways to Transfer RC:
You have two options, just like choosing a route on a road trip:
- From RTO: The RTO (Regional Transport Office) is where your car is registered. Simply go there, submit all your documents and fees, and the officials will handle the rest.
- Do it Online: If you do not want to go RTO, then use the Parivahan portal! Just enter your vehicle registration number, choose “Transfer of Ownership,” fill out the details, update the insurance info, pay the fees online, and upload any documents they ask for. Easy!
The Finish Line: The New RC
Once everything gets the thumbs-up, the RTO will generate a fresh RC with the buyer’s name on it. It could take a while, so just sit tight.
After getting new RC, you’ve officially handed over ownership. Now, it’s time to celebrate.
Important Note: This guide is just to help you understand the process. Always check with your local RTO for the latest updates & information and any specific requirements they might have.
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Most Asked Questions & Queries
Do I need to be present at the RTO if I transfer ownership online?
In most cases, no. The online process is designed for your convenience. However, some RTOs might require both buyer and seller to be present for final verification. It’s always best to check with your local RTO for their specific guidelines.
What if my vehicle has a loan on it?
If you still owe money on the car, you’ll need a No Objection Certificate (NOC) from the bank before you can transfer ownership. This document basically says the bank has no problem with the transfer.
What happens to my car insurance after the transfer?
The insurance policy needs to be updated with the new owner’s information. You can usually inform your insurance company about the transfer and they’ll handle the update. Don’t forget to check if the new owner wants to keep the same insurance policy or get their own.
How long does it take to get the new RC after transferring ownership?
The processing time can vary depending on your local RTO workload. It could take anywhere from a few days to a few weeks.
Are there any fees involved in transferring ownership?
Yes, there are usually fees associated with the transfer process. These fees can vary depending on your location and the type of vehicle. You can find out the exact fees when you visit the RTO or on the Parivahan portal website.
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