Parliament has approved new rules of state registration of motor vehicles, according to the amendments to the law "On Road Traffic", proposed at the plenary session of the parliament Apr. 25.
According to the amendment, in order to carry out the state registration and register the vehicle, vehicle inspection will be carried out after comparing the engine and chassis numbers, as well as the color of the car body.
At present, vehicle inspection is not required during the first registration or re-registration of vehicles.
According to the changes, if the vehicle inspection must be carried out this year, but it was not carried out before the date when it was first registered or re-registered, the traffic police will require the vehicle inspection by law.
Minister for Excise & Taxation and Narcotics Control Mukesh Kumar Chawla has said that the Excise Department is considering for transfer of ownership of any vehicle that the transferee and transferor should appear before the Motor Registration Authority (MRA) for signing the transfer deed of the vehicle along with the original relevant file in order to maintain transparency in the registration and avoid any unpleasant situation.
This he said while presiding over a meeting at his office here on Monday, said a statement. Secretary Excise & Taxation and Narcotics Control Abdul Haleem Sheikh and Director General Shoaib Ahmed Siddiqui also attended the meeting. He said that SOPs was being prepared for finalizing to hire consulting services to scan data and the facility for new registration of commercial and non- commercial vehicles and duplicate number plates might be provided at regional level to facilitate the owners of the vehicles.
Provision of facility for registration of auctioned vehicles at the regional headquarters is also underway, he added. Chawla directed the officers to facilitate the people and maintain transparency at all levels and if anyone was found guilty in any kind of maladministration and malfunctioning he would take severe action against him.
How much similar registration plates have sold for recently and in the past: it is always worth looking at what has been going on in the private registration plate market recently to add extra weight to the valuation of your own number plate. It is a market that is not immune from trends, so keep a close eye on what has been selling well and see if your plate has any similar features
The age of the plate: older plates tend to attract higher prices and dateless number plates (the first ones ever issued) normally call for the highest prices on the market
The plate’s rarity: if a lot of similar registration plates were issued, your plate may be less valuable. So, the relative rarity of older, dateless number plates makes them more valuable, as a whole, than newer, dated plates. Similarly, having a private plate with a word or name spelled out on it gives it a degree of rarity that would raise its value.
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