If you are selling your vehicle, it is mandatory to get the ownership of the vehicle transferred to the new owner. It is done through a process known as RC Transfer. It is important because it ensures that the vehicle and all legal liabilities related to it are transferred to the buyer. If you are wondering, what needs to be done for transferring the registration from one person to another, you can have a look at the detailed process here:
What are the circumstances under which the transfer of ownership of the vehicle is done?
Below given are the different circumstances under which the transfer of ownership of the vehicle might happen:
Process and documents required for the transfer of ownership of the vehicle-
The process and the documents required for transferring ownership of the vehicle is different for different cases.
Process of transferring the vehicle registration from one state to another
Here, you will know about the process of transferring your vehicle registration from one state to another. This is the process that you need to follow if you are moving from one state to another-
Step 1: Get the No Objection Certificate from the bank (if you have taken a loan)
If you have taken a loan on your vehicle, you will first need to obtain a NOC from your bank. For this, you will need to visit the bank and submit documents such as the address proof in the new city, your reason for transfer, etc. After submitting the documents, the bank will process your request and then grant you the NOC.
Step 2: Obtain a NOC from the Regional Transport Office where your vehicle was registered
After getting the NOC from the lender, you will need to avail of the NOC from your RTO. For example, if you are moving from Mumbai to Delhi, you will need to obtain the NOC from Mumbai RTO. For this, you will have to submit Form 27 and 28 and the NOC copy obtained from your bank.
You will also need to submit the following documents mentioned below:
Step 3: Re-Registering your vehicle in the new city
After transferring your vehicle successfully, you will need to undertake the following steps to get it re-registered in the new state. For the re-registration, you will first need to locate your nearest RTO office and submit your application along with the following documents:
After submitting the documents successfully, your RTO will process your application and issue you with the fresh certification within a few days.
The important points to remember while transferring ownership of your vehicle:
The charges applicable for transfer of vehicle registration vary from one state to another, which depends upon the vehicle’s age. So, make sure you do not forget to check the applicable charges for your state.
The most important part of transferring vehicle registration within the state, or from one state to another is to keep your documents handy which accelerates the whole process of ownership transfer.
So, make sure you take note of all the documents required and complete the process accordingly.