Sale of Two Wheeler
S S Singh
(Querist) 04 September 2009
This query is : Resolved
I've a scooter to sell. What legal documents should I possess from Purchaser so that in future there should be no legal liabilities for me?
Also confirm what cost Stamp duty or Revenue stamp if required on document?
A V Vishal
(Expert) 04 September 2009
You have to execute certain forms which are available in the Local RTO office in whose jurisdiction you reside for selling the scooter, there is no stamp duty on sale of movable assets like 2 wheelers, However, you have to make sure that the purchaser transfers the scooter in his name immediately in order to make sure that the vehicle is not misused for any anti-social activity.
Sarvesh Kumar Sharma Advocate
(Expert) 05 September 2009
there is a specific performa in r.t.o. office to sell of a vehicle fulfill that requirments and get free from all liabilities.
there is no any other short-cut to sell a vehicle.
Raj Kumar Makkad
(Expert) 05 September 2009
You have seek just an affidavit from the purchaser in the name of documents on sale of your scooter. You should be firm enough that the buyer has get the registration changed in his name soon after his purchase.
Swami Sadashiva Brahmendra Sar
(Expert) 05 September 2009
after sale you should inform the RTO through registerd post, about the fact of transfer and delivery of possession alongwith a copy of duly filled up transfer form.
vinjamuri ranga babu
(Expert) 09 September 2009
hi,
until and unless it is to be transfered to the person who purchsed your vehicle, the liabiltiy is on the part of you and simply signature on the sale and transfer application form is not all give any sort of relief.
vrriven
