Autos

Punjab Raises Vehicle Ownership Transfer Fee

Punjab Raises Vehicle Ownership Transfer Fee

If you’re in Punjab and planning to transfer ownership of a bike or a car, be ready to pay more than before. As per the reports by various media outlets, the Excise Department has increased transfer fees, and the revised rates are already being applied.

Vehicle TypeOld Fee (Rs.)New Fee (Rs.)Increase (Rs.)
Motorcycle55060555
Cars (650 to 1000cc)2,7503,025275
Cars (1000 to 1800cc)5,5006,050550
Cars (Above 1800cc)11,00012,1001,100
Heavy Transport Vehicles5,5006,050550

These are small increases, but they add up, especially for people working in the used car market or for families already managing tight budgets. Even someone transferring a bike might pause. Rs. 55 isn’t a lot, but when fuel is expensive, and everything from oil changes to toll tax has gone up, it adds another little pinch.

There’s been no public explanation for this revision. It seems that there’s no press release, no social media post, just a quiet update that slipped into effect. But it’s not hard to guess why. With inflation still biting, the provincial government seems to be looking for ways to bring in more revenue. Some also suggest it might be linked to digital upgrades in the excise system. Fair enough, but for the average person, that’s just another added cost.

So, if you’re selling a car, or buying one from someone, or even just transferring a vehicle within your family, don’t be caught off guard. The fee isn’t what it used to be.

Faisal Rafiq

Administrator | OLX

Muhammad Faisal is a business graduate and a digital content specialist managing content at OLX. With 5+ years of experience in writing and building content marketing strategies, he has helped many startups and corporates grow their online presence by driving millions of sessions. He’s passionate about automobiles, smartphones, and electronics, but rumor has it, he gets more excited about entrepreneurship than anything else. As an expert in these areas, he’s turning his passion into content that’s insightful, engaging, and adds real value for readers. When Faisal isn’t working on content, you can find him with his kids, playing with his animals, learning new skills, and reading about new technologies and sustainable packaging solutions.

Leave a Reply

Your email address will not be published. Required fields are marked *