How to Transfer Vehicle Ownership

How to Transfer Vehicle Ownership

Everyone has to ensure the availability of certain documents while driving in India. Just like a valid driving license and third-party insurance, one needs to have a registration certificate of the vehicle. The registration certificate provides proof of ownership for the vehicle. The certificate of registration has to be transferred in certain cases. Here are some of the circumstances which can lead to a transfer in vehicle ownership.

• Transfer in case of purchase by another party: When a vehicle is sold, the buyer’s name has to be recorded on the certificate of registration replacing the original owner’s name.

• Transfer after the demise of the owner: In the event of the registered owner’s demise, the legal heir has to inform the RTO within 30 days of the owner’s demise. The new owner can utilise the vehicle for three months.

• Transfer of ownership after an auction: The transfer of vehicle ownership has to be ensured if the vehicle is auctioned off. The original owner’s name on the certificate of registration is replaced with that of the new owner.

Steps to be followed to transfer ownership 

The vehicle transfer procedure is well-defined but differs in depending on the circumstances.

Transfer of vehicle ownership in case of sale of the vehicle

• Fill Form 29 correctly with relevant details of the buyer and the seller in the case of transfer of ownership due to the sale of the vehicle.

• After verifying the details, submit the form with the RTO of the area where the transferor and the transferee have their residence.

• If the vehicle transfer is taking place from one state to another, the new owner has to provide Form 30 within 45 days of the transfer, along with the documents related to Form 1 and Form 2.

• If the vehicle transfer is taking place within the state, the new owner has to provide Form 30 in 14 days of the transfer along with the documents requested with From 1.   

• The buyer also has to deposit the charges levied under Rule 81 of the General Motor Vehicles Rules 1989.

Transfer of vehicle ownership in the event of the owner’s death

• In the event of the death of the original owner, the new owner has to provide a duly filled Form 31 to the RTO.

• The time allowed for submission is three months after taking possession of the vehicle.

• Certain fees levied under Rule 81 of the General Motor Vehicles Rules have to be paid for the conclusion of the vehicle transfer.

Transfer of ownership in case of auction

• The transfer of ownership is initiated by submitting Form 32 in case the auction is sponsored by the state or central government.

• The form has to be provided within 30 days of the purchase

• The owner has to pay all the charges levied under Rule 81 of the motor vehicle law.

What documents are required while transferring ownership?

As it is already known, a variety of forms have to be filled for the transfer of vehicle ownership in different circumstances. Here are the required documents to file Form 1, Form 2, Form 29, Form 30 and Form 31.

Documents to be submitted with Form 1

• Registration certificate and insurance certificate of the vehicle

• Pollution Under Control or PUC certificate of the vehicle

• PAN card of the new owner

• Engine and chassis pencil print of the vehicle

• Residence and birth proof of the owner

• Passport size photographs

• Purchaser’s undertaking

• Certificate to prove all taxes have been cleared

Documents to be submitted with Form 2

• A No Objection Certificate from the registering authority

• In case of refusal by the registering authority to provide NOC, a document to prove the refusal of the authority

In case the NOC has not been received by the owner, he/she has to provide

• A receipt from the registering authority

• A receipt from the post office which received the NOC from the registering authority

Transfer of registration in case of owner’s demise

• Form 31

• Registration and insurance certificates

• Death certificate of the owner

• Residence and age proofs of the new owner

• PAN card of the new owner

• PUC certificate

• Engine and chassis pencil print of the vehicle

• A document stating the new owner’s relationship with the deceased owner

• Passport size photographs

• Form 20. It contains the details of verification of the vehicle

Transfer of ownership after an auction

• Form 32

• Insurance and registration certificates

• PAN card and PUC certificate

• Address and age proof of the owner

• Engine and chassis pencil print of the vehicle

• Passport size photographs

• Purchaser’s undertaking

• Certificate to prove all taxes have been cleared

• Certificate to prove the vehicle has been sold in an auction conducted by the central or state government

After the transfer of ownership, you should always check the validity of the insurance. It is compulsory to have at least a third party motor insurance. You can buy a comprehensive bike insurance through Finserv MARKETS for the financial protection of your bike. Motor insurance can also be renewed in just a few easy steps through Finserv MARKETS.   

FAQs on transfer of vehicle ownership

• Can you check RC transfer status online?

Yes, you can check the status of your transfer request online at www.parivahan.gov.in.

• How much time is required for RC transfer?

Typically, it takes around 30 days for the transfer of vehicle ownership after the submission of all the documents

• What details are required to check RC transfer status?

You just have to provide the registration number of the vehicle to check the status.