Tuesday, October 19, 2010

Transfer of vehicles - Automobile Association of Southern India

TRANSFER OF VEHICLE Very often people buy or sell vehicle, but do not intimate about the transfer to the Registering Authority. This will create problems and it is illegal. Any such transfer has to be reported within 14 days of the transfer to the Registering Authority. If it is not so reported, the Transport Department will take legal action against both transferor and transferee.

The intimation should be done by sending Form 29. Further, the Transferee should register it within 30 days. Form 29 (in duplicate) and Form 30 have to be filled up and given along with original RC, valid insurance and valid emission under control certificate, along with fees of Rs. 131/- in case of four-wheeler and Rs. 61/- in case of two-wheeler. Address proof in the form of Ration card, or Passport or Voter’s ID card or LIC policy, is required. Compounding fee will be levied in case of delayed transfer. If the vehicle is under hypothecation, no objection certificate from the financier is also necessary and signature also on Form 29. In case of four-wheeler, the copy of the PAN card of buyer and seller are required.

Transport Department has released a press release in view of the increasing number of accidents, thefts etc. This is communicated to the members in view of its importance.

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