Owners of Cars and Motorbikes in Punjab should expect a notable change to begin on July 1, 2023, as the transfer costs they have become used to will go towards a higher peak. The transfer price, which was formerly fixed at a modest Rs. 150, has increased to an imposing Rs. 500, indicating a change in step with shifting market dynamics and the complex web of governmental difficulties that make up the basis of ownership transfer.
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Owners of commercial vehicles will also see a transformation in their transfer fees, which will jump to Rs. 5000 from the previous peak of Rs. 4000. This constant change brings in a period where the economic sense perfectly aligns with the current value and the complex costs associated with the transfer of ownership.
Transfer Fee New Rates
| Category | New Rates |
| MotorCycle | 500 |
| Upto 1000CC/Rickshaw | 2,500 |
| 1000-1800 cc | 5,000 |
| Above 1800 cc | 10,000 |
| Commercial | 5,000 |
