Many second-hand two-wheelers are sold in India on a daily basis. When selling a second-hand two-wheeler, the ownership is to be transferred from the seller to the buyer. It is important for the buyer to get it inspected by the third-party before buying it. When the ownership of a two-wheeler vehicle is transferred, there is documentation that needs to be completed.
The process of transferring two-wheeler ownership
The procedure of transferring the ownership of a two-wheeler is simple.
- First, the applicant is required to draft an application to the RTO where the two-wheeler has been registered originally.
- The two-wheeler is eligible for a transfer only if there is a buyer readily available to buy the two-wheeler or the owner of the two-wheeler is deceased. In this case, an application has to be submitted by the legal heir of the owner of the two-wheeler who is now deceased.
- If the transfer of the ownership of the two-wheeler is being done within the state, the transfer has to be reported within two weeks to the authorities concerned. If the transfer is taking place outside the state, officials have to be informed about the ownership transfer within 45 days.
- It is also mandatory for the buyer to inform authorities about the purchase of the vehicle within 30 days of the ownership transfer.
- In case the owner is deceased, the legal heir of the deceased owner has to inform the authorities about the transfer of ownership within 30 days of the demise of the owner. Also within 3 months the transfer of the ownership, it should be reported to the registering authority.
- Visit the nearest RTO (Regional Transport Office) near you.
- Fill Form 29 and Form 30 and submit it. In addition to this, also submit the registration certificate, emission certificate, valid insurance, fitness certificate (for transport vehicles only) and an up-to-date tax card.
- The original address proof of the applicant along with three passport size photographs.
- The insurance certificate of the vehicle is also to be transferred in the name of the new owner within 14 days of the transfer of the ownership.
Here is the documentation checklist:strong>
- Registration certificate: During the transfer of ownership of the vehicle, the registration certificate has to be handed over by the seller to the buyer. The registration certificate is the document that acts as the proof that the vehicle is the property of the seller.
- Pollution Certificate: This document certifies that the vehicle passes all the criteria for pollution control and is fit to be driven on the road. This document is mandatory.
- Insurance Certificate: This document is also mandatory. Without the insurance certificate, the Regional Transport Office (RTO) will not allow the vehicle to be registered. It is the responsibility of the buyer to call the insurance company and ask for the insurance certificate to be transferred in his or her name.
- Forms: There are certain forms that need to be submitted so that the ownership of the two-wheeler can be completed. They are:
- Form 28: Form 28 is the No Objection Certificate. The seller has to submit three copies of the same to the RTO in his or her region.
- Form 29: Form 29 lets the RTO know about the sale of the two-wheeler to the buyer. Two copies of Form 29 are to be submitted to the RTO.
- Form 30: Form 30 is to be submitted to the RTO by the buyer. Two copies of the same are to be submitted to the RTO.
It is the responsibility of the buyer to ensure all the documents provided by the seller to the buyer are genuine.
Documents Required for Transfer of Ownership of two-wheelers in Case of Owner’s Death
- Form 30. It should be filled completely with the correct details in addition to affixing a chassis imprint.
- Form 31.
- Form TCA, TCR is required to be filled if the two-wheeler is a transport vehicle.
- If the owner of the two-wheeler is deceased, the death certificate is to be produced to the authorities.
- The succession certificate, affidavit from the previous owner of the vehicle and the NOC from the financer is also required.
- All the papers of the vehicle in addition to the registration fee levied by the authorities. The fee will be charged as it is mentioned in Rule 81 of the Central Motor Vehicles Rules 1989.
Two-wheeler Ownership Transfer Fees
The two-wheeler ownership transfer fees are as follows:
- The transfer fee levied by the RTO for transfer of ownership is Rs.30 to Rs.35 based on the state.
- The smart card fee levied by the RTO is Rs.200.
- This brings the total amount to Rs.235.
Transferring the insurance certificate of the two-wheeler
The process involved in transferring the insurance certificate of the two-wheeler is as follows:
- After transferring the ownership of the vehicle and getting it re-registered, the new owner of the two-wheeler has two weeks to transfer the insurance certificate in his or her name.
- Next, the new owner has to approach the insurance company and intimate them about the purchase of the vehicle.
- The new owner will be required to update his or her personal details with the insurer.
- The documents required to complete the transfer of the insurance certificate to the new owner are original insurance document, current address proof, 2 passport sized photos, a copy of the RC book.
- At the time of the transfer of the insurance certificate of the two-wheeler, it will be examined by the insurer.
- The charge levied for the transfer of the insurance certificate is Rs.50. The receipt of the transfer has to be collected by the new owner along with the insurance certificate.