People of Islamabad who buy used cars mostly look for guides to transfer vehicle ownership in Islamabad to avoid any taxes and fine payments. However, most of them do not know how to transfer vehicle ownership online.
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, further stressing the masses’ disposable income.
Just like all industries, the automobile industry has recorded a historical 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 good condition within their budget. However, most people are unaware of the process of 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 online in Islamabad.
The following documents are required to transfer vehicle ownership:
The following is a step-by-step guide for vehicle transfer in Islamabad:
Processing Time: 04 Weeks
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 |
The following is the fee schedule for the 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 |
Buying a used car has the following benefits:
By following this simple process, you can get your new vehicle transferred to your name. Get to know popular driving schools in Islamabad.
To get more related information, visit Graana Blog.
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