How to Transfer Vehicle Ownership Online?

Circumstances of Vehicle Ownership Transfer

There can be various reasons for vehicle name transfer, some of them are -

• Reselling the vehicle -

In case you are reselling your car or any other vehicle, you will have to transfer car ownership in the name of the buyer. The vehicle ownership transfer helps the RTO to record details regarding the new owner in their database.

• Demise -

In situations where the owner has passed away, the ownership of the vehicle will be transferred to the legal inheritor of the deceased. However, the inheritor will have to apply for a change in ownership of the vehicle.

• Auctioned -

If the vehicle is auctioned to pay off any debts, the new owner should ensure that all protocols for vehicle name transfer are duly followed.

Steps to be Followed to Transfer Ownership

RTO has different protocols for different situations to ensure smooth functioning. One can opt to transfer vehicle ownership online and complete the procedure on the Parivahan website. Follow these quick and simple steps for a hassle-free vehicle name transfer process.

Vehicle Resale

• In situations, a vehicle is resold, the current and former vehicle owners will have to fill out form 29. This form will have to be submitted to the respective area RTO office.

• If the vehicle is purchased within the state, the current vehicle owner will have to submit form 30, form 1, and other mandated documents within 14 days. But if it's an interstate vehicle purchase, the current owner will have to submit form 30, form 1, form 2 and other mandated documents within 45 days of the transfer.

• The current owner will also have to pay certain charges as per rule 81 of the Motor Vehicles Act of 1989.

Death

• In situations, where the vehicle owner has died, the inheritor has to complete the vehicle name transfer procedure. They will have to fill out form 31 and submit it to the respective RTO office.

• The transfer of vehicle ownership has to be completed within three months of vehicle possession.

• The current owner will also have to pay certain charges as per rule 81 of the Motor Vehicles Act of 1989.

Auctioned

• For auctioned vehicles, the current owner will have to fill out form 32 and submit it to the respective RTO within 30 days of purchase. (government-sponsored auctions)

• The current owner will also have to pay certain charges as per rule 81 of the Motor Vehicles Act of 1989.

What Documents are Required while Transferring Ownership?

Apart from form 1, form 2, form 29, form 30, form 31, and form 32, here is a list of some other mandatory documents that will be required in the process of transfer of vehicle ownership.

Mandated Documents with Form 1

• Passport-size photographs

• Age proof like birth certificate, Aadhaar card, etc

• Address proof like utility bills, ration cards, etc

• Tax clearance certificate

• Vehicle registration certificate

• Vehicle insurance documents

• PUC certificate

• PAN card of the current owner

• Chassis and engine number details

Mandated Documents with Form 2

• NOC or official letter stating the reason in delay in the issue of NOC from the registration office.

• In case NOC has been issued but not received by the owner, a receipt from the registration office or the nearest post office needs to be submitted.

Conclusion

The vehicle name transfer procedure is simple and quick especially if undertaken online. The online platform allows the owner to keep a track of vehicle ownership transfer status as well. Once the transfer vehicle ownership online procedure is completed, the Finserv MARKETS app will send quick alert notifications regarding vehicle insurance and monthly reminders for premium payments.