In India and other countries, many peoples are using vehicles day by day. Some people have their own new car. And others have used ones. Transfer of ownership requires a detailed step-by-step process. In this article, we will talk about two wheeler ownership transfer online? How to transfer bike ownership offline and bike ownership transfer cost. In the further section, we will discuss how to transfer bike ownership, bike ownership transfer cost, two wheeler ownership transfer online. So, let’s begin with bike ownership transfer online
What is a transfer of ownership of a bike?
Transferring ownership of a bicycle is a legal process. It completely transfers ownership of a vehicle to a new purchaser. Filling out all necessary documents and obtaining the necessary certificates allows the switching process to be completed, as well as the subsequent issuance of the Transfer Vehicle Registration Certificate (TVRC). You can therefore accumulate criminal ownership of this motorcycle so purchased. TVRC is a mandatory requirement for owners of a secondhand bike, whether for riding it or purchasing a two-wheelers insurance policy.
Now you can transfer ownership of your bike in two ways.
- Transfer within the state
- The transition from one place to another
When do I need to transfer ownership of my bike?
There are three scenarios where you need to transfer ownership of your bike. They are:
Scenario 1: When buying a used bicycle, you must complete the process of transferring ownership of the bicycle. All legal rights and ownership of the bicycle remain with the previous owner until it is sold. To retain that ownership and ownership, you must complete the registration transfer process.
Scenario 2 : Transfer of ownership of a motorcycle may also be required at the time of the death of the bicycle owner, resulting in the transfer of the bicycle owner to the legal heir. In this sort of case, the report necessities for possession switch vary.
Scenario 3: A motorcycle’s public sale also can bring about its possession switch.
Also Read : International Driving License For Indians
Bike Ownership Transfer Process
Below is the process to complete the bike ownership transfer.
1. Visited the Directorate General of Transportation.
2. Forms 29 and 30 are complete and must be submitted with your vehicle registration certificate, emission certificate, valid insurance (for the only transport vehicle), medical certificate and current income tax card. Must be.
3. The original proof of the address must be submitted to the car dealer along with a photo of the third passport size.
4. A competent registrar overchecks documents and hands them from the seller to the buyer. However, the transferee must ensure that the document has been transferred to his name within 14 days.
For detailed and better understanding of procedure and requirements of ownership transfer, you can refer blog on bike ownership transfer in India.
Documents Required for Bike Ownership Transfer
- Registration Certificate (RC) book: Registration Certificate serves as proof of bike registration and is thus an essential document. It is also included in the list of documents that must be submitted to the Recovery Time Objective (RTO) when transferring ownership. It is also important to see all the details that exist in the RC, such as the owner name, VIN, engine type, etc. Make sure it’s genuine against your bike’s specs. Also, if you are renting a bicycle, be sure to get a bank customs certificate and a stamp on Form 35 to confirm the full repayment of the loan.
- Bicycle insurance certificate : The insurance policy is another important document required to transfer ownership of the bicycle. Under the updated car regulations, all vehicles travelling on Indian roads must have an insurance policy. Without this certificate, the vehicle will not be registered with the RTO. Therefore, be sure to get this certificate from the seller before completing your bike purchase. When this policy expires, you can choose to renew the policy or buy a new one for motorcycles.
- Controlled Contamination (PuC) Certificate : Another legal document that needs to be verified and obtained is a pollution control certificate. When buying a used bike, it is essential to verify the validity of the PUC certificate. This also confirms whether this motorcycle has passed the emission test and can be evaluated appropriately. Check the certificate serial number, license plate, test score, and certificate expiration date to verify its validity. The PUC certificate must be presented by the bicycle owner at the request of the competent authority during the routine inspection.
- Sales Receipt : You need to additionally acquire income receipt of the used motorcycle while you buy it. It need to deliver the supplier`s signature. Many times, as a substitute of buying it from the car owner, one does so from a 3rd party. In that case, acquiring a income receipt acquires more significance because it serves as a documented evidence of motorbike buy from a non-public supplier or a dealership. The signatures of both the buyer and seller on the purchase receipt confirm the completion of the sale by mutual agreement. This receipt also includes details of additional charges and taxes paid during the transfer of ownership of the bicycle.
- Automobile tax certificate : Before you can buy a used bicycle, you need to get a vehicle tax certificate from the previous owner. This certificate must also be submitted to the RTO when initiating a transfer of ownership of the bicycle. This is an annual or one-time payment to the RTO and serves as proof of timely tax payments.
