Starting from April next year, vehicle owners will have to shell out Rs 5,000 for renewal of registration of the cars older than 15 years, which is eight times more than what they currently pay.
The road transport and highways ministry has issued a notification for the renewal of the certificate of registration of old vehicles and this new rule is part of the government's overall plan to roll out the National Automobile Scrappage Policy.
While charges of registration renewal of a 15-year-old car would be Rs 5,000 compared to the current fee of Rs 600, the charges of registration renewal of old bikes would be Rs 1,000 compared to the current fee of Rs 300.
Renewal of registration for imported bikes and cars will cost Rs 10,000 and Rs 40,000, respectively.
The notification said an additional fee of Rs 50 for each day of delay after the expiry of certificate of fitness shall be levied.
According to the notification, these rules may be called the Central Motor Vehicles (23rd Amendment) Rules, 2021, and shall come into force with effect from April 1, 2022.