Even though the process of selling vehicles has become significantly simpler over years - with online websites setting up platforms for buyers and sellers to meet, there are a few formalities that remain to be fulfilled.One of the most significant among these is the change of the name of owner on vehicle registration certificate. When you transfer the ownership of your vehicle to another person, it is obvious that the name on its registration certificate won’t remain yours.
So, what do you do about it? Read on to find out!
Vehicle Registration Transfer – What Does it Mean
At the point when you sell your vehicle or some other vehicle enrolled under your name, the law orders you to move the responsibility for vehicle to the purchaser's name. This cycle, usually known as RC move is pivotal since it ensures that the vehicle, close by the entirety of its legitimate liabilities, are moved to its new proprietor.
There is a set system that should be followed for vehicle enrollment move starting with one individual then onto the next.
Notwithstanding, hang on!
There are various conditions under which this vehicle RC move may occur. These can be represented in the table beneath:
Transfer if the vehicle is purchased by someone else
Here, the name of the new buyer is added to RC as the vehicle’s owner, instead of its previous owner.
Transfer in case of death of the registered owner
● The legal heir has to inform the registering authority about his/her intention about the vehicle within 30 days of owner’s demise. ● The legal heir can utilise this vehicle for a maximum period of 3 months without getting it registered to their name.
Transfer of the vehicle in an auction
During an auction, the name of previous owner is replaced by new owner in registration certificate.
Types of Vehicle Registration Transfer
Further, Vehicle Registration Transfer can be of two types:
- Transfer of Vehicle Registration within the state.
- Transfer of Vehicle Registration from one state to another.
Transfer of Vehicle Registration within the State Process
If Vehicle is Purchased by Someone Else
- If the transfer of vehicle registration is taking place because your vehicle has been purchased by someone else, you have to submit Form 29 with details of transferor and transferee.
- This Form 29 has to be submitted to respective registering authority in the area where both transferor and transferee reside.
- Further, the transferee has to submit Form 30 alongside all required documents under Form 1, within 14 days of the vehicle’s transfer.
- The transferee must also pay applicable charges that are levied by registration authority under Central Motor Vehicle Rules’ Rule 81.
If Owner of the Vehicle is Deceased
- If the vehicle’s previous owner is deceased, the new owner will have to submit Form 31 to registration authority by filling out required information.
- New owner will have to submit the form for ownership transfer within 3 months from the date of taking up the vehicle’s ownership.
- New buyer will have to pay applicable charges as levied by registering authority under Rule 81 of Central Motor Vehicles Rules.
If the Vehicle is Purchased at an Auction
- If the concerned vehicle is purchased at an auction sponsored by Central or State Government, this ownership transfer has to be submitted through Form 32.
- This form has to be submitted to respective registering authority within 30 days of the vehicle’s purchase.
- The person purchasing the vehicle has to pay all applicable charges as levied by registering authority as mandated by Rule 81 of Central Motor Vehicles Rules.
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