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Why is Form 29 required while buying a car
- Author :
- TATA AIG Team
- ●
- Last Updated On :
- 13/02/2024
According to the statistics, over 4 million used cars were sold in India in the Financial Year 2021-22 alone, and this market is forecasted to grow at a CAGR of 15.10% in upcoming years. But did you know some formalities need to be fulfilled before you take ownership of the used car? One such requirement is submitting Form 29 at the RTO.
This blog will help you understand what Form 29 is, why you need to submit it, and how you can fill out this form.
What is Form 29?
The RTO Form 29 is mandatory for the buyer of a second-hand/used car. This form must be submitted by the buyer at the RTO office where the vehicle was initially registered. This form acts as the notice of information to the RTO that the ownership of the said vehicle is being transferred to a third-party buyer.
What is the Need of Form 29 Parivahan?
Form 29 Parivahan is required as per law only when buying a used/ second-hand car. Submission of this form in the RTO is needed to initiate the process of ownership transfer from the previous owner to the new owner of the used car.
Suppose Form 29 is not submitted at the RTO even after the completion of the purchase process of the pre-owned car; ownership process is yet to be completed. In such situations, the previous owner will continue to be responsible for any future liabilities related to the used vehicle.
Contents of of Form 29
Form 29 of RTO has three sections. The first section requests information about the original vehicle owner, the second section requires details of the new vehicle owner, and the third section is the official endowment section that is to be filled by the RTO authorities. Before you view the Form 29 filled sample guide, here’s a look at the contents of the form.
Form 29 (Part I) Contents
Name of registered authority
Vehicle seller’s name
Residential address of vehicle seller
Date and year in which the owner sold the vehicle
Vehicle details (vehicle number, make, chassis number, engine number, motor number etc.)
Form 29 (Part II) Contents
Name of used vehicle’s buyer
Personal details like son/daughter/wife of
Residential address of vehicle buyer
Name of financer if the sold vehicle is on a lease, hypothecation agreement, or hire-purchase
Financer’s signature with date (as consent for ownership transfer)
Transferor or registered owner’s signature with the date
Form 29 (Part III) Contents
Registering authority’s name under whose jurisdiction the transferor resides
Reference number, date, and RTO name filled by registered authority for validating application
Transferee/ buyer’s name and date of ownership transfer filled by registering authority
Registering authority’s signature with seal and date
Steps to Download Form 29
Step 1: Visit the official Parivahan Sewa website.
Step 2: On the home page, hover over the “ Informational Services”. Under this, go to “Downloadable Forms” and select the “All Forms” option.
Step 3: Once you click on the “All Forms” option, you will be redirected to a page where you can find Form 29 for download.
Step 4: After downloading the form, you can fill and submit it at the RTO office.
How to Fill Form 29?
Form 29 needs to be filled out carefully to make sure everything runs smoothly. Here are the steps to follow to fill out the form:
Step 1: Write the name of the Registering Authority’s name under whose jurisdiction the transferee(used car buyer) resides. For example, if the buyer lives in Pune, Maharashtra, then one needs to fill in Form 29 RTO Pune written in the first blank.
Step 2: In the very following blank, fill in the name and residence address of the car owner as specified in the identity proof.
Step 3: Next, fill in the date on which the used car was sold/delivered to the buyer. Also, mention vehicle details like vehicle number, chassis number, make and model, motor number, or engine number.
Step 4: Now fill in the details of the used car’s buyer, like the buyer’s name, father’s name or husband’s name (for married woman). Also, fill in the residence address of the buyer as mentioned in the specified identity proof document.
Step 5: If the used vehicle was on lease or hire-purchase agreement, then you also need to provide the financer's details in the form. Additionally, you also need to submit necessary documents related to the lease/hire purchase agreement transfer of ownership agreement from the financer.
Step 6: Once this is done, now the used car owner needs to sign the form along with the date.
Step 7: Now, the financer must sign the form as the consent of freedom of the vehicle from any lease or hire-purchase agreement.
Step 8: Next, write the Registering Authority’s name under whose jurisdiction the transferor (used car seller) resides. It is to send the acknowledgement of these documents via registered post.
Step 9: Now, the Registering Authority will validate the application from the owner of the used car. For this, they will enter the reference number, the name of the RTO office, and the date. Once done, the Registering Authority will declare the vehicle ownership transfer to the buyer of the used car.
Step 10: Finally, the Registering Authority Officer will sign the document and put the official seal and the date. At the very end, the transferor’s name is mentioned as the completion of this process, and the RTO will then send the acknowledgement letter via registered post.
Documents Submitted with Form 29
Original Vehicle Registration Certificate
Chassis and Engine Pencil print
Pollution Under Control Certificate
Copy of Car insurance documents
Identity Proof- PAN Card, AADHAR Card, Passport, Ration Card, Voter ID Card
Proof of Residence- AADHAR Card, Telephone Bill, Electricity Bill, Ration Card, Passport
Importance of Car Insurance Policy
Whether you are buying a new car or a used one, the Motor Vehicles Act 1988 mandates that every car owner has a car insurance policy in their name. Having car insurance supports you financially in case of any damages or accidents in your car.
Tata AIG car insurance provides you with several benefits, like cashless repairs at network garages, third-party damage cover, theft coverage, an easy car insurance renewal process, and no claim bonus.
Moreover, with us, you can also compare car insurance to choose the right insurance that fulfils your requirements and safeguards you the best.
Summing Up
Form 29 is a document that verifies that as a used car buyer, you have ownership of the vehicle. Getting this document is necessary to avoid any legal consequences and to ensure that you obtain the rightful ownership of the vehicle that you bought from your earnings.
FAQS
How to fill form 29 and 30?
You can download both Form 29 and 30 from the official website of Parivahan Sewa, and after that, you can do some research and see Form 29 and 30 samples filled out by other people to know what details to write in the form.
Is there a deadline for submitting Form 29?
No, there is no deadline to submit the form. However, it is advised that you fill out and submit the form as soon as possible after acquiring the used vehicle.
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.