The number of motor vehicles being purchased has increased recently due to the increased number of financiers and banks offering vehicle loans. When the vehicle owner repays the borrowed amount from the financier, he must remove or terminate the vehicle hypothecation. For this process, one must fill out the RTO Form 35 and submit it to the nearest RTO. This form is required to remove any lease or hypothecation agreement from the vehicle.
This post covers information on the purpose of RTO Form 35 and how to fill Form 35 RTO online.
Form 35 RTO is an official document used in India to notify the Regional Transport Office (RTO) about the termination of a hire-purchase, lease, or hypothecation agreement for a vehicle. This essentially means informing the authorities that the loan on the vehicle has been paid off and the ownership has been transferred back to the original owner.
Both the parties, including the vehicle owner and the financier who have previously executed the hypothecation/lease/purchase-vehicle hire agreement, should fill out the RTO Form 35. This is required to end the agreement by mutual consent.
It is important to remember that only the vehicle owner can apply for a new entry in the Vehicle Registration Certificate. Updating the vehicle's registration with the termination information ensures the RTO has accurate and up-to-date records, ensuring the original owner has full legal ownership and can freely sell or transfer the vehicle.
Below are the important details that are included in Form No.35 of RTO:
The hypothecation cancellation form or Form 35 is divided into two sections: the introduction and the conclusion.
Given below is a detailed instructions on how to fill Form 35 RTO online:
Step 1: Include information about the financier and registered owner in the introduction section.
Step 2: Announce the agreement's termination in the final section.
Step 3: Fill in the name of the Regional Transport Office where your vehicle is registered in the top-left corner.
Step 4: Following that, write the vehicle number as per the Registration Certificate.
Step 5: Sign the application and include the date. The signature of the financier will also be required for the application.
Step 6: The representative of the registration authority will provide the reference number and RTO address in the conclusion section. The authorities will also state the date on which the agreement was terminated.
Step 7: Following that, the RTO authority will sign the application and specify the registering authorities and the financier.
Given below are the instructions for RTO form 35 pdf download:
Step 1: Navigate to the Parivahan website.
Step 2: Click the "Informational Services" menu tab.
Step 3: Select "Downloadable Forms" from the drop-down menu.
Step 4: Click the "All Form" button.
Step 5: Select "Form 35" from the vehicle-related category.
To find the direct link to RTO Form 35, click the link below:
Documents to be submitted with RTO Form 35 are: