Help with LTT in KA for re-registration

vijuvarghese · 15th January 2008, 23:13

Hi All,

Can anyone tell me the basis of calculation of LTT to be paid for transfer of my Tata Sierra Turbo (originally registered in Jan-1998 in Kerala).

At Bangalore RTO (at KR Puram), they made me pay Rs.22070/-(twenty two thousand seventy) as LTT and threatened me that they can put penalty for the delay in paying road tax as by my own admission vehicle was being used for the last nine months in Bangalore. Though I managed to avoid paying 'penalty', I feel, tax calc has gone wrong. I am yet to submit the NOC for re-registration in KA.

As I do not have the invoice (am the third owner of my Sierra), tax calc was based on an invoice value of Six Lakhs.

Regards,
Viju

mithun · 16th January 2008, 07:36

Mods : Wrong section

They have cheated you of 22070. If you try to sell it off, you can't recover that money back.

ajmat · 16th January 2008, 08:36

45% (depr) * 9% (tax rate) * 600000 = 24000

You got off lightly mate!

spadival · 16th January 2008, 11:22

You should have asked them to keep the vehicle !! How much did you buy the Sierra for?

Frankly, LTT charged for registering second hand vehicle is way too high relative to the value of the car. I paid LTT of 30k for a 2004 Baleno in TN. But then Govt agencies don't look at market value nor can they in any practical situation.

vijuvarghese · 16th January 2008, 13:11

The whole exercise was for the fact that I am gonna keep the vehicle for long term. Also do not want to feed to RTO checking/traffic police pocket money.

I bought the vehicle in engine reconditioned, painting and upholstery work done condition for 1.5Laks. And have changed all unreliable/old parts, tyres, etc and brought it to my satisfaction. So it costs a lot more to me.

Ajmat's calc almost matches RTOs, but I remember reading in papers that tax structure for old vehicles in KA was brought down in some recent budget.

m3_07 · 16th January 2008, 13:56

@Viju,

Why don't you casually drop in at some other RTO & do a enquiry for a supposedly friend???

vijuvarghese · 16th January 2008, 16:35

I shall do that as a next step

15th January 2008, 23:13	#1
vijuvarghese BHPian Join Date: Feb 2007 Location: Bangalore Posts: 101 Thanked: 9 Times	Help with LTT in KA for re-registration Hi All, Can anyone tell me the basis of calculation of LTT to be paid for transfer of my Tata Sierra Turbo (originally registered in Jan-1998 in Kerala). At Bangalore RTO (at KR Puram), they made me pay Rs.22070/-(twenty two thousand seventy) as LTT and threatened me that they can put penalty for the delay in paying road tax as by my own admission vehicle was being used for the last nine months in Bangalore. Though I managed to avoid paying 'penalty', I feel, tax calc has gone wrong. I am yet to submit the NOC for re-registration in KA. As I do not have the invoice (am the third owner of my Sierra), tax calc was based on an invoice value of Six Lakhs. Regards, Viju
	() Thanks

16th January 2008, 07:36	#2
mithun BANNED Join Date: Jan 2006 Location: Cochin Posts: 2,195 Thanked: 268 Times	Mods : Wrong section They have cheated you of 22070. If you try to sell it off, you can't recover that money back.
	() Thanks

16th January 2008, 08:36	#3
ajmat Team-BHP Support Join Date: Feb 2004 Location: Bangalore Posts: 14,863 Thanked: 27,970 Times View My Garage	45% (depr) * 9% (tax rate) * 600000 = 24000 You got off lightly mate!
	() Thanks

16th January 2008, 11:22	#4
spadival Senior - BHPian Join Date: Oct 2004 Location: Melbourne, AU Posts: 1,773 Thanked: 26 Times View My Garage	You should have asked them to keep the vehicle !! How much did you buy the Sierra for? Frankly, LTT charged for registering second hand vehicle is way too high relative to the value of the car. I paid LTT of 30k for a 2004 Baleno in TN. But then Govt agencies don't look at market value nor can they in any practical situation.
	() Thanks

16th January 2008, 13:11	#5
vijuvarghese BHPian Join Date: Feb 2007 Location: Bangalore Posts: 101 Thanked: 9 Times	The whole exercise was for the fact that I am gonna keep the vehicle for long term. Also do not want to feed to RTO checking/traffic police pocket money. I bought the vehicle in engine reconditioned, painting and upholstery work done condition for 1.5Laks. And have changed all unreliable/old parts, tyres, etc and brought it to my satisfaction. So it costs a lot more to me. Ajmat's calc almost matches RTOs, but I remember reading in papers that tax structure for old vehicles in KA was brought down in some recent budget.
	() Thanks

16th January 2008, 13:56	#6
m3_07 BHPian Join Date: Oct 2007 Location: Bangalore Posts: 275 Thanked: 203 Times	@Viju, Why don't you casually drop in at some other RTO & do a enquiry for a supposedly friend???
	() Thanks

16th January 2008, 16:35	#7
vijuvarghese BHPian Join Date: Feb 2007 Location: Bangalore Posts: 101 Thanked: 9 Times	Next step I shall do that as a next step
	() Thanks