[hserus]

Yes - i had asked for the tax paid receipt but they said they needed it, so just took a xerox. Then got a ka rc smartcard, i had surrendered my tn smartcard already and got a form 28 noc from the tn07 rto before i came here

[DRIVE_ADDICT]

What's your take on relocating (Paying LTT) my 2012 Figo TDCI zxi with 45k on ODO to Bangalore?

Or is it better to sell the car and buy one in Bangalore.

[suresh_gs]

Originally Posted by DRIVE_ADDICT

What's your take on relocating (Paying LTT) my 2012 Figo TDCI zxi with 45k on ODO to Bangalore?

Or is it better to sell the car and buy one in Bangalore.

First calculate how much LTT you will be paying. For this you need to know the invoice price of the car. I suppose the age of the car is more than 3 years but less than 4 years.
The invoice price will be somewehere between 5-10 lakhs. Correct me if I am wrong.
So your tax will be 0.14*0.81*Invoice price of the car

To the above value add 11% cess.

Sum of the above will be the LTT you will be paying to KA RTO. Based on the calculated value, take a call as to whether you can pay this amount. Else sell the car in chennai and buy a car in Bangalore.

[DRIVE_ADDICT]

Originally Posted by suresh_gs

First calculate how much LTT you will be paying. For this you need to know the invoice price of the car. I suppose the age of the car is more than 3 years but less than 4 years.
The invoice price will be somewehere between 5-10 lakhs. Correct me if I am wrong.
So your tax will be 0.14*0.81*Invoice price of the car

To the above value add 11% cess.

Sum of the above will be the LTT you will be paying to KA RTO. Based on the calculated value, take a call as to whether you can pay this amount. Else sell the car in chennai and buy a car in Bangalore.

With the help of this thread i do calculated the LTT, it comes around 63k.
Thats why i posted this question, is it better to payy LTT and keep it or sell it?
When i bought the car i was planning to sell it after doing near to a lakh kms, at around 5-6 years of it's age.

I think getting the LTT back from RTO of any Indian state is cumbersome. Need to put in a lotsa effort/time to get that back.

[schakra]

Originally Posted by neutralgrey

Thank you for the quick reply guys!

I too was under the same impression that I need not surrender any documents. But if you could navigate to the previous page in this thread, you would see what I mean. KA RTO is providing KA RC card with another state registration number and not an invoice. The person who posted the message (I believe it is ssjr0498) had surrendered his parent state RC.

Hence my confusion.

Yes, you need to surrender your original RC book while paying KA tax. I paid it last year in Koramangala RTO, as my MH12 registered car was not even a year old. They will attach the RC book to the file and you need to give them a stamped envelope for sending them the new RC book through registered post. After a month you will receive KA smart card with the same registration number, MH in my case.
After a few months I applied for re-registration, surrendered the KA RC book with MH registration and after following up a million times with the RTO I finally got the new KA registration number.

[satan's_valet]

Originally Posted by DRIVE_ADDICT

With the help of this thread i do calculated the LTT, it comes around 63k.
Thats why i posted this question, is it better to payy LTT and keep it or sell it?
When i bought the car i was planning to sell it after doing near to a lakh kms, at around 5-6 years of it's age.

I think getting the LTT back from RTO of any Indian state is cumbersome. Need to put in a lotsa effort/time to get that back.

DA, your car is 3 years old and if it is running in perfect condition, there is no point selling it as you will take a big depreciation hit .Though this 63k is a big sum, if you plan to keep the car for atleast 2-3 years, I would suggest to pay this amount and keep the car. What you lose now, you will save in the interest amount for the new car.

I was in the same boat last year and when I tried to sell the car, the quotes I received did not justify the car's value. GTO's thread played a big part in the decision making as well.

[hserus]

Yes - if you are comfortable with keeping the car another two or three years, pay up. Or drive the car on NH4 and to bombay once every month or so, good fun eh.

[arun_josie]

Originally Posted by neutralgrey

Thank you for the quick reply guys!

I too was under the same impression that I need not surrender any documents. But if you could navigate to the previous page in this thread, you would see what I mean. KA RTO is providing KA RC card with another state registration number and not an invoice. The person who posted the message (I believe it is ssjr0498) had surrendered his parent state RC.

Hence my confusion.

Thanks for pointing me to that post. Yes, it is confusing. I paid the LTT two years back for my two wheeler and I didn't give them any of my original documents. Also, my friend who paid the LTT 6 months back, didn't give any of his original documents. So, not sure if the process has change recently.

[hserus]

I had applied for re-registration. The KA rto played clever by giving me a RC smartcard with my TN number so I need to apply afresh after another three months.

[neutralgrey]

Originally Posted by arun_josie

Thanks for pointing me to that post.... So, not sure if the process has change recently.

There is some confusion regarding this. I was hoping I would get some information from somebody who has only payed the LTT and not opted for re-registration.

[hserus]

If you keep the vehicle in KA for > 1 year re-registration is mandatory. "The vehicles migrating from other States are required to obtain re-registration mark of Karnataka State within 12 months from the date of arrival into Karnataka State."

[suresh_gs]

Originally Posted by neutralgrey

There is some confusion regarding this. I was hoping I would get some information from somebody who has only payed the LTT and not opted for re-registration.

Mate, I belong to this tribe of those who have paid LTT only and not opted for re-registration. I paid Rs 32407 as LTT

Originally Posted by hserus

If you keep the vehicle in KA for > 1 year re-registration is mandatory. "The vehicles migrating from other States are required to obtain re-registration mark of Karnataka State within 12 months from the date of arrival into Karnataka State."

I dont think so. In my case the RTO person said it was my wish whether i want a KA number plate or continue to run the vehicle with TN number plate. The RTO is happy and content so long as they get cash.

[nerd1200]

Off late, I see a lot of premium luxury vehicles in Bangalore with PY registration. I wonder, if they re-register their cars in Bangalore, or pay up the LTT only.

In-fact one of my neighbors bought a BMW 320d in Feb, 2015 from Pondycherry. I was curious and asked him the details. Apparently, you could get local RTO 'agents' there who would help you with local address proof for a fee. When asked how he deals with Bangalore cops, he said - "thoda kharcha pani dene se ho jata hai" (read: Bribe them when caught!). Now, this kharcha-pani generally ranges from 200 to 500 bucks. He also mentioned that, they have not stopped him just like that, only if he jumps a signal and a cop is there, etc. he needs to pay up.

Motivated by this guy, I logged on to carwale.com and checked out the road tax for PY for Tata Safari Storme VX 4X2 (Yes, planning to get the beast soon! ). In Bangalore, I have to pay LTT of > 2.3L whereas in Pondy, its merely 17k. Even in Kolkata (my native), the LTT is <80k. This really got me thinking! Why do we pay so much Road tax in Bangalore where there aren't Proper ROADS!

Anyway, I was thinking of buying & registering the car in Kolkata (not fond of the fake address in Pondy kinda idea) but going through this thread, I am having second thoughts.

[neutralgrey]

Originally Posted by suresh_gs

Mate, I belong to this tribe of those who have paid LTT only and not opted for re-registration. I paid Rs 32407 as LTT

Hi Suresh, what do you have on you as proof of payment of LTT, invoice or RC smart card? Did you surrender any original documents?

Thanks.

[satan's_valet]

Originally Posted by neutralgrey

Hi Suresh, what do you have on you as proof of payment of LTT, invoice or RC smart card? Did you surrender any original documents?

Thanks.

You would get a receipt for the LTT payment and you won't be asked to surrender any original document. The RC/smartcard comes into picture only when you submit the NOC obtainted from the home RTO. This is essentially the next step in re-registering your car in KA.

The RTO is currently happy if you just pay the LTT but I remember reading somewhere that you need to re-register your car within one year of paying the LTT.