The below list of documents is mandatory and is needed to complete the Transfer of Ownership properly:. This is a compulsory document for the Transfer of Ownership process. The seller has to give this certificate of registration to the buyer. This document basically confirms and endorse the fact that the vehicle belongs to the seller.
Certificate of Insurance: A mandatory document for all the vehicles. List of other documents essential for Transfer of Ownership in case of a usual buying and selling:. We know by now that there are 3 mandatory documents needed for Transfer of Ownership, however, there are other documents as well which are needed when you are buying or selling the vehicle. Let us have a look at the below documents which are required under various situations of Transfer of Ownership.
If the of the vehicle dies, the buyer will have to submit the documents as mentioned below for the transfer of ownership. By now, you must have got clarity about Transfer of Ownership , how the process flow is and the documents related to it. Your next question: how should I transfer insurance? Are there any legal implications if I miss transferring the insurance? Well, it is very crucial that you transfer the insurance as well to avoid any kind of dispute in case of an accident, otherwise you will not get the claim.
The steps are simple and easy to follow:. Once you inform the insurance company about the selling of your vehicle and transfer of ownership, the insurance company will proceed to transfer your insurance. Remember, that you must get an NCB retention certificate from the insurer in case you have no claim bonus in your name and you can still retain the bonus while selling off your vehicle thereby using the same for your new car.
You need to submit certain important documents mentioned below:. After the 1st step, you need to submit the following set of documents for transferring the policy. Forms Required:. Documents Required:.
Registration Certificate. Valid insurance certificate. Self-declaration regarding purchase of vehicle. Declaration of seller regarding sale of vehicle. Fee for registration of vehicles.
Grant or renewal of trade certificate in respect of each class of vehicle:. Five hundred rupees. One thousand rupees. Duplicate trade certificate:. Three hundred rupees. Appeal under rule Issue or renewal of certificate of registration and assignment of new registration mark:. Fifty rupees. Six hundred rupees. One thousand and five hundred rupees.
Five thousand rupees. Two thousand and five hundred rupees. Three thousand rupees. Driving Licence in Mumbai. Driving Licence in Kolkata.
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