Bought Or Sold A Used Car? Here's How to Transfer the Vehicles Registration

New Delhi

This process is known as transfer of ownership. Although every state has its own nuances in the vehicle ownership transfer process, the basic process is the same.

Bought or sold a used car? Here's how to transfer the vehicle's registration! Process, fees and required documents explained! Within the home RTO The seller and the buyer have to sign Form 29 and Form 30 and submit these to the RTO. Form 35 also has to be submitted in case the vehicle is still under hypothecation, along with the NOC availed from the bank. To a different RTO within the state The seller and the buyer have to sign Form 28, Form 29 and Form 30 and submit these at the local RTO of the seller, in order to secure the NOC. This NOC, along with Form 29 and Form 30 has to be submitted at the buyer's RTO for transfer of registration. Form 35 also has to be submitted in case the vehicle is still under hypothecation, along with the NOC availed from the bank. To a different state The seller and the buyer have to sign Form 28, Form 29 and Form 30 and submit these at the RTO of the seller to secure the NOC. This NOC, along with Form 29 and Form 30 has to be submitted at the buyer's RTO for transfer of registration. The vehicle has to be re-registered in the buyer's state, and this involves payment of Road Tax. Form 35 also has to be submitted in case the vehicle is still under hypothecation, along with the NOC availed from the bank. Forms Form 28 - Application for No Objection Certificate (NOC) for transfer of ownership Form 29 - Notice of transfer of ownership Form 30 - Application for intimation and transfer of ownership Form 35 - Notice of termination of agreement of hypothecation (for vehicles that were purchased with a loan) Vehicle documents Original registration certificate (RC) Pollution under control certificate (PUC) copy Valid insurance copy Imprint of chassis number and engine number on a slip of paper, made with pencil Green tax certificate (for vehicles older than 15 years) Seller's documents PAN card copy Buyer's documents PAN card copy Address proof (electricity, telephone, water, gas bill, Aadhar card, or any other KYC document with the permanent address on it) Proof of date of birth (any other KYC document with the date of birth on it) Passport-size photo What is hypothecation, and how to remove it - Hypothecation is the practice where you pledge the vehicle to a bank when applying for a loan, wherein the bank keeps it as collateral. So technically, even though you may physically have possession of your vehicle, your vehicle belongs to the bank. You can remove the hypothecation from the vehicle's registration only after repaying the entire loan to the bank. After paying all the EMIs, you can apply for a no objection certificate (NOC) which states that no dues are pending on the loan. The bank will send you this NOC by post. Copy of this NOC needs to be submitted to the RTO, which will then update the RC document. Fees A fee of Rs 150 in case of two-wheelers and Rs300 in case of four-wheeler is required to be paid as transfer fee. This can be paid online or at the RTO, while submitting the forms.