For the transfer of ownership, you need to perform a detailed and gradual process. Other requirements for such a transfer must also be met when purchasing a used bike. The transfer of ownership of bicycles can now be carried out in two ways: a transfer deed serves as a deed to confirm the transfer of ownership and the sale of the bike from the previous owner to the new one. It also ensures that the previous owner does not have legal debts related to this bike. It is necessary to acquire a car tax certificate from a former owner before purchasing a used bike. If you are commissioning a bicycle possession transfer, you must also submit this certificate to the RTO. This is either an annual or one-time payment to the OTR and serves as proof of timely payment of tax. In India, many used two-wheelers are bought and sold every day. Buying or selling a used bike requires you to do a handful of paperwork. Since this is a transfer of ownership, the process leads to a complete transfer of the rights of the vehicle to the new purchaser. Completing all necessary forms and obtaining relevant certificates helps complete the transfer process with the subsequent issuance of the Transfer Vehicle Registration Certificate (TVRC).
You can thus acquire the legal possession of this bike thus purchased. The process of transferring ownership of two wheels is both ways, i.e. it must be initiated both by the seller and by the end of the buyer. Transferring ownership of a bicycle involves presenting all the documents necessary to influence the transfer of ownership from the previous owner to a new owner. CSTV is a mandatory requirement for used bike owners, whether driving or purchasing two-wheeled insurance. You also need to get the used bike`s sale entry if you buy it. It must bear the seller`s signature. The bike dealer can ask you to provide your proof of nationality, you can submit documents such as passport, voter card, etc.
Yes, the transfer of ownership of the bike can also be done online by sending a softcopy of all the necessary documents to your RTO concerned by email. In addition, a buyer must also provide the following documents to complete the transfer of possession of a bike. Specific documents are required to register the vehicle on the name and ownership of the bike on the person who purchased the vehicle. In addition, the law requires that the vehicle be registered with the Regional Transportation Agency (RTO) to ensure the authenticity of the two-wheeler`s possession. In addition, dealer documents are required to have a vehicle database and details for various purposes. When buying a two-wheeler, it can be an emotional decision; However, it is important that you invest your hard-earned money in a convenient vehicle. While bikes or motorcycles offer more control because of their attitude and are preferred by cycling enthusiasts, scooters offer drive without training, a natural sitting position, storage space and facilitate city driving. You have to choose the right vehicle to be able to drive the two-wheeler without any worries. The absence of this certificate means that the vehicle has not been registered with the RTO.
So make sure you receive this certificate from your seller before you finish buying a bike. It is also important to check all the details in a RC such as the owner`s name, chassis number, engine type, etc. Make a point to match the specifications of your bike to confirm its authenticity.