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Procedure to get Ownership transferreed

Discussion in 'Hangout' started by riturajmnnit, Dec 30, 2013.

  1. riturajmnnit

    riturajmnnit Amatore

    Bengaluru, India
    Hi folks,

    I want to transfer Ownership of my Car from my Sister's name to mine. This is to avail some benefits from my employer.
    Can anyone help me how to go about it ?

    What should be the involved cost about same (Registration number will remain same).

  2. Cost will not be that much, with in a 1000 rupees.

    If the car is under bank loan, you have to clear the loan first and cancel the hypothication.
    You have to apply for Transfer of ownership, pay for new smartcard/RC book.
    Clearance certificate or NOC
    Transfer of insurance

    all this wont cost more than a 1000 rupees if you are doing this yourself
  3. ViPr

    ViPr Amatore

    Grande Punto 1.3 90 HP
  4. riturajmnnit

    riturajmnnit Amatore

    Bengaluru, India
    Loan is cleared, had anyone done this in Indiranagar RTO ? A step by step guide will be really helpful to avoid multiple trips to RTO.
  5. Cubbie

    Cubbie Superiore

    Loan clearance certificate from the bank and there is a particular form to cancel the hypothecation, which bank has to share it with your sister
    RTO forms set of 2 I think, to be signed by your sister
    Two set of for you to sign as next owner of the car
    a sale letter informing RTo by your sister that she no longer is the owner (this will within the same set of forms)
    original smart card or RC
    Insurance transfer and copy of Insurance
    No Pollution certificate
    2 PP photos
    now that the Bangalore RTO has centralized (digitized) you can do it from any RTO in Bangalore.

    however a agent will have quick method to get these formalities done and will charge some 1-2k basis your negotiation skills.
    Last edited: Dec 30, 2013

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