People of Islamabad who buy used cars mostly look for guides to transfer vehicle ownership in Islamabad to avoid any taxes and fine payments.
In recent weeks, the rising inflation has affected several industries in Pakistan. This is mainly due to the high rupee-dollar disparity. Moreover, due to rising fuel prices in the global market, the government decided to inflict a higher tax ratio on all industries, which further stressed the disposable income of the masses.
Just like all industries, the automobile industry has recorded a historic hike with the prices of cars surging up to 50% in the last two years. With higher duties and increased registration taxes, it has become too difficult to afford new vehicles. Therefore, many people now prefer to buy used cars.
With proper research, people can find used cars in a good condition within their budget. However, most people are unaware of the process involved in transferring vehicle ownership, so they tend to not do so. It can be highly problematic and result in challans and traffic rules violations.
Graana.com, Pakistan’s smartest property portal, brings you a guide on how to transfer vehicle ownership in Islamabad.
Documents Required to Transfer Vehicle Ownership in Islamabad
The following documents are required to transfer vehicle ownership:
- Application for transfer of ownership addressed to Motor Registration Authority (MRA)/Excise & Taxation Officer (ETO), Islamabad
- Filled and signed Form F
- Photocopy of CNIC of the applicant
- Photocopy of CNIC of the seller
- Computerised transfer letter
- Transfer of ownership form
- If the registered vehicle’s owner does not appear in person, documents at serial No. 4,5 & 6 should be attested by a Class-I officer. It is also mandatory to present the photocopy of the CNIC and the office phone number of the attesting officer.
- In the case of a vehicle leased from a bank or a leasing company, a NOC/transfer letter is required from the relevant bank or leasing company.
- An affidavit that the vehicle is neither stolen nor required in any other case, and that the applicant would be responsible for any discrepancy pointed out afterwards.
Documents Required for Vehicles Registered in Other Districts
- Proof of residence in Islamabad (electric/gas/telephone bill, CNIC, lease agreement, driving licence, registered deed of the property, allotment letter/office card in case of a government servant, or appointment letter will be acceptable as residential proof)
- In case an applicant does not have his/her place of residence and lives with someone else, the latter must appear in person and submit an affidavit that the applicant resides with him.
- Photocopy of registration book
- Photocopy of the complete vehicle registration file
- Original file, if the same has been returned by the relevant Excise & Taxation Department
- NOC (No Objection Certificate) for the transfer of ownership from the relevant Excise & Taxation Department
The following is a step-by-step guide for vehicle transfer in Islamabad:
- Visit Excise and Taxation Office (ETO), Islamabad with the vehicle seller.
- Get the challan form and fill it out accordingly.
- In the next step, visit the Islamabad court office in F-8 Markaz.
- Obtain a challan form and T.O form and get it filled by a local vendor in the court’s surroundings.
- Present all the duly filled forms with required documents to the relevant officer.
- Deposit the fee mentioned on the challan form at the designated window in ETO.
- Get all the documents (except the sales deed and original transfer letter) attested by a Class 1 government officer.
- Once the attestation and verification are done by the Excise Inspector, submit the documents with challan form at the designated window.
- Obtain the receipt from the relevant Data Entry Operator.
Processing Time: 04 Weeks
Fee Schedule for Transfer of Ownership
The following table presents the fee schedule for vehicle transfer in Islamabad.
|Vehicle Category||Engine Capacity||Amount (Rs.)|
|Private/Commercial||Upto 1000 CC||1,200|
|Private/Commercial||From 1001 CC to 1800 CC||2,000|
|Private/Commercial||Above 1801 CC||3,000|
Schedule for Advance Fee – Transfer Case
The following is the fee schedule for transfer of vehicles and registration:
|Engine Capacity||Filer (Rs.)||Non-Filer (Rs.)|
|Upto 850 cc||NIL||5,000|
|From 851 cc to 1000 cc||5,000||15,000|
|From 1001 cc to 1300 cc||7,500||25,000|
|From 1301 cc to 1600 cc||12,500||65,000|
|From 1601 cc to 1800 cc||18,750||100,000|
|From 1801 cc to 2000 cc||25,000||135,000|
|From 2001 cc to 2500 cc||37,500||200,000|
|From 2501 cc to 3000 cc||50,000||270,000|
|Above 3000 cc||62,500||300,000|
Benefits of Buying a Used Vehicle
Buying a used car has the following benefits:
- It saves a lot of money.
- Used cars sometimes gain value and can bring in profits.
- There is no fear of cost depreciation with used cars.
- Used cars have no exaggerated fees in the form of taxes.
- Customisation costs are lower.
By following this simple process, you can get your new vehicle transferred to your name. Get to know popular driving schools in Islamabad.
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