RTO hypothecation removal process in Chennai

Want to apply for vehicle hypothecation termination in Chennai? Itzeazy provides service for RTO hypothecation removal process in Chennai. Hypothecation cancellation in Chennai is done by Regional transport office .

If a vehicle is purchased on loan from a bank/ financier the same would be endorsed in the registration certificate. As soon as loan gets over , one must get RC hypothecation removal done . Its important because :

Ownership can not be transferred without removal of Hypothecation from the vehicle
NOC for other RTO will not be issued without doing HP removal
In case of loss of RC , application for duplicate RC needs to be endorsed by financer also

You can apply for Hypothecation cancellation from RTO Chennai after paying off bank loan on the vehicle, . But before applying, make sure all the required documents are obtained, like NOC from the bank or respective financing company.

You can apply for the HP cancellation at the respective RTO. If you require any changes in RC after termination, like an address change, you can do a HP termination and the required changes in RC together.

How to apply for hypothecation cancellation from RTO in Chennai online

Itzeazy provides Consultancy for Hypothecation termination in Chennai. It provides end to end assistance and documentation support to the clients.

In case you had bought your vehicle through Bank Financing, the vehicle would be hypothecated with the bank and name of the bank would appear in your RC book. Once you have cleared the loan, you should get the HP termianted.

We will take you through step wise procedure of getting NOC from bank for HP termination in Chennai, documents required for hypothecation removal in Chennai and get RC hypothecation removal process done at Chennai RTO office.

Over View

Hypothecation Termination in Chennai - overview

HP termination for a vehicle in Chennai is to be applied in the concerned RTO where the vehicle is registered.

Normally RTO hypothecation removal process in Chennai takes approx. 3-4 weeks time. However actual time may vary some time. Visit of registered owner or vehicle to the RTO is not required.

Process

Process for Hypothecation cancellation in Chennai

Order online
Make 50% payment online
Upload documents for pre-check
Schedule pickup
Document pick-up & Process starts
Work completed
Make 50% balance payment & share address for dispatch
Documents delivered & order closed

Document Required

Documents required for Hypothecation cancellation in Chennai

Original RC
2 copy of application in Form No.35
NOC from Bank
Copy of valid insurance
Copy of valid pollution certificate

Forms

RTO Forms for Hypothecation cancellation in Chennai

Form 35
Sample form 35
Bank NOC sample
Form 34
Sample form 34

FAQ's

Hypothecation cancellation in Chennai - FAQ

1. How can I remove hypothecation from RTO Chennai?

Hypothecation cancellation process in Chennai is not online completely . Application can be filled online. Fees can be paid online . However physical submission of application forms and supporting documents is required at concerned RTO in Chennai.

Following are the steps for HP termination in Chennai :

Arrange loan closure letter and form 35 from the bank
Visit the official website of parivahan: https://parivahan.gov.in/parivahan/
Select ‘Vehicle related Services’
Select ‘State’ and input the ‘RTO number’, then click ‘Proceed’
Select ‘Apply for Hypothecation Termination’
Enter your vehicle details such as Vehicle Registration No. and the last five characters of chassis number
Fill up the application detail carefully
Deposit Requisite RTO fees online
Take print of RTO fees receipt
Submit signed application forms along with supporting documents to the concerned RTO.
Application will be scrutanized and processed
You will get new RC after HP removal after one month

2. Do we need to visit RTO for hypothecation removal in Chennai?

Yes, its mandatory to visit RTO for hypothecation removal in Chennai for documents submission and collection of RC after the work completion.

3. Can I cancel my hypothecation online in Chennai?

4. I am transferring my vehicle from Bangalore to Mumbai which is on loan from bank. Is it necessary to repay full loan amount to get NOC from RTO ?

Either you can repay complete loan and remove hypothecation or loan continuation letter can be taken from the bank

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