Transferring the ownership of a pre-owned car within the initial 30 days of buying is compulsory in India, without which you can be charged a fine of Rs.500 by the traffic police. The transfer of ownership must be done at the local RTO in Bangalore. If the car you bought was registered in a different state or at a different RTO from the one where you live, then a No Objection Certificate (NOC) has to be obtained from the original RTO to initiate the transfer of ownership.
Here is how to obtain application for transferring car ownership of your vehicle in Bangalore:
If the seller and buyer belong to two dissimilar RTO zones, then you would first have to de-register the car at the original RTO and then get it re-registered at the new RTO. An NOC is needed from the original RTO, for which Form 28 has to be submitted.
An NOC is also needed if the car does not have a Karnataka registration already. To attain the NOC from the RTO, you must submit Form 29. You will also need the following paperwork to be submitted along with Form 29 for the same:
These are the paperwork to be submitted for the same:
The road tax must be paid if you have purchased a car from any other state in India other than Bangalore. However, you can apply for a refund of road tax by submitting the following paperworks:
With the procedure, you can easily and conveniently get a clear title for pre-owned cars. This could prove valid and necessary in bringing back the used car financing sums.
The process of transfer benefits both the buyer and seller. The transfer of ownership poses a fair chance to sell your used cars legally. As a buyer, the same provides you with a fair chance of purchasing used cars.
So, the next time you think of getting your car sold, think about car ownership transfer that varies from city to city.
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