Know Your HSRP Vendor
Download Brochure

What is Change in Vehicle Ownership?

Understanding the Legal Transfer of Vehicle Ownership

Change in vehicle ownership refers to the legal transfer of a vehicle’s registration from the current owner (transferor) to the new owner (transferee). This process ensures the new owner holds legal rights over the vehicle and is responsible for compliance, including insurance and taxation.

The ownership transfer is required in cases such as :

Ensuring a timely and proper transfer of ownership helps avoid legal and financial complications.


What does the law say ?

The Legal Requirements for Vehicle Ownership Transfer

As per the Motor Vehicles Act, the ownership transfer process must be completed by following these steps :

  • The seller (transferor) must inform the RTO within their jurisdiction about the sale using Form 29.
  • The buyer (transferee) must apply for ownership transfer through Form 30, along with :
    • The vehicle’s Registration Certificate (RC)
    • A valid insurance certificate
    • The applicable fee as per Rule 81

In case the vehicle is registered in a different RTO jurisdiction, additional documents may be required:

  • A No Objection Certificate (NOC) from the original RTO (as per Section 48(3) of the Motor Vehicles Act).
  • If the NOC is not received, the seller can submit a declaration confirming the same, along with a receipt from the RTO.

Failure to transfer ownership within the stipulated time may can result in penalties and liability issues. If this is not done, a penalty may be imposed, and the seller may remain liable for any incidents involving the vehicle until the transfer is officially recorded.


Section 50 & Section 48(3) of the Motor Vehicles Act

Read More

Rule 81 of the Central Motor Vehicles Rules (CMVR)

Read More

How Do We Help

Simplifying the Vehicle Ownership Transfer Process

Shimnit facilitates a seamless and compliant ownership transfer process by assisting vehicle owners, dealerships, and financial institutions with :

Here’s how Shimnit helps you stay compliant:


Ensuring the correct submission of Form 29, Form 30, RC, insurance, and NOC (if required).

Prev

Coordinating with RTOs for approval and updating the VAHAN database.

Monitoring the status of ownership transfer applications.

Assisting with the No Objection Certificate (NOC) process, ensuring smooth interstate vehicle ownership changes.

Cross-checking ownership records to avoid disputes and fraudulent transfers.

Next

Here’s how Shimnit helps you stay compliant:


Ensuring the correct submission of Form 29, Form 30, RC, insurance, and NOC (if required).


Coordinating with RTOs for approval and updating the VAHAN database.


Monitoring the status of ownership transfer applications.


Assisting with the No Objection Certificate (NOC) process, ensuring smooth interstate vehicle ownership changes.


Cross-checking ownership records to avoid disputes and fraudulent transfers.

With Shimnit’s expertise, the change in ownership process becomes hassle-free, ensuring legal compliance and timely approvals.

FAQ’s

The vehicle ownership transfer process involves submitting the necessary documents, such as the original Registration Certificate (RC), proof of identity, and a No Objection Certificate (NOC) if required. Both the buyer and seller must sign the Ownership Transfer of Vehicle form, which is submitted to the Regional Transport Office (RTO) for approval. Once the application is processed, the new owner will receive an updated RC reflecting the change in vehicle ownership.

The vehicle ownership transfer process typically takes anywhere from a few days to a few weeks. Factors like complete documentation, timely submission, and whether the vehicle requires any additional inspections can impact the vehicle change of ownership timeline. Generally, the process is completed within 7-15 days after submitting all the required paperwork.

Yes, in many regions, you can initiate the vehicle ownership transfer online through the official RTO portals. This online system allows both the buyer and seller to fill out the Ownership Transfer of Vehicle forms and submit documents digitally, streamlining the vehicle change of ownership process. However, you may still need to visit the RTO for document verification in some cases.

Yes, typically, both the buyer and seller need to be present to complete the change in vehicle ownership. They must sign the required documents, including the car ownership transfer form, in front of the RTO officer. In some cases, if either party cannot be present, they can appoint a legal representative to complete the process on their behalf, but the necessary power of attorney must be provided.

If you fail to complete the vehicle ownership transfer after purchasing a vehicle, the vehicle change of ownership will not be legally recognized. This can lead to complications with vehicle insurance, road taxes, and liability issues. Additionally, the car ownership transfer delay can affect the legal status of the vehicle, leaving you vulnerable to fines and penalties.