LAHORE – Punjab law makes it mandatory for owners of cars to transfer their ownership to the purchargers soon after selling the vehicle as the practice can save them from various legal complications in future.
Punjab law requires vehicle owners to transfer ownership to the buyers promptly after selling their cars. Completing the transfer on time can help sellers avoid potential legal complications and liabilities in the future.
The Punjab Excise, Taxation and Narcotics Control Department is the key responsible body in transferring car ownership across the province.
The department maintains vehicle registration records and ensures that ownership details are updated when a vehicle is sold or purchased.
Buyers and sellers must complete the prescribed transfer procedure, provide the required documents, and pay applicable transfer fees and taxes.
The department verifies relevant records and processes the transfer according to official requirements.
Timely ownership transfer helps protect buyers from legal complications and ensures that vehicle records reflect the current owner.
Excise Transfer Fee for upto 1000cc Cars
The excise department has set an ownership transfer fee of Rs4,540 for cars with engine capacities not exceeding 1,000cc.
Vehicles in this category include popular models such as the Suzuki Alto, Suzuki Cultus, Kia Picanto, Suzuki WagonR, United Alpha, Toyota Passo and Toyota Vitz.
An additional amount of Rs20,000 applies when a vehicle with an engine capacity of up to 1,000cc is transferred within ten years of its registration. A rebate of 10 per cent for each financial year is also mentioned under the stated rules.