Pay 5 lakh for motor vehicle number 0001: Punjab hikes reserve price for fancy vehicle registration numbers

• 0001 – Rs 5 lakh
• 0002 to 0009, and 0786 – Rs 2 lakh
• 0010 to 0099 – Rs 1 lakh
• 0100, 0200, 0300, 0400, 0500, 0600, 0700, 0800, 0900, 1000, 0101, 0111, 0777, 0888, 0999, 1111, 7777, 1008, 0295, and 1313 – Rs 1 lakh
• 2000, 3000, 4000, and akin bid – Rs 50,000
• 0123 and respective different fancy numbers – Rs 20,000
• Other fancy numbers – Rs 10,000

Additionally, the interest for obtaining a registration fig of prime (out of turn), different than the prescribed fancy numbers, has been accrued to Rs 10,000 wrong the territory and Rs 20,000 for extracurricular the district.

Previously, the reserve terms for 0001 was Rs 2.5 lakh, which has present been doubled to Rs 5 lakh. The terms for 0002 to 0009 was Rs 25,000 past twelvemonth and has present surged to Rs 2 lakh, marking an eightfold increase. The terms for 0010 to 0099 has accrued from Rs 12,500 to Rs 1 lakh. Other fancy numbers, which were antecedently priced astatine Rs 5,000, present person a reserve terms of Rs 10,000 to Rs 20,000.

The fig of fancy registration numbers disposable for auction has besides accrued from 272 to 450 this year.

By raising the reserve prices, the cash-strapped Punjab authorities expects to make Rs 100 crore from this auction, compared to Rs 60 crore past year. The determination is portion of the government’s efforts to boost revenue.

The e-auction charges volition scope betwixt Rs 1,000 and Rs 2,000, and bidders indispensable deposit 20% of the reserve terms arsenic earnest wealth on with non-refundable registration charges arsenic notified earlier.

In a bid to amended finances, the Punjab authorities had withdrawn the Rs 1,500 crore subsidy introduced by erstwhile Chief Minister Charanjit Singh Channi. It besides accrued VAT connected petrol and diesel, raised autobus fares, and imposed a greenish taxation connected vehicles that person outlived their operational life.