Delhi goct to auction fancy registration numbers

Image
Press Trust of India New Delhi
Last Updated : Sep 04 2014 | 7:45 PM IST
Motorists wanting to flaunt fancy registration numbers will now have to shell out a hefty amount with Delhi government today coming out with a policy to auction such numbers online.
Delhi Government has amended the Delhi Motor Vehicles Rule, 1993 which allows for the e-auction of such fancy registration numbers by issuing notification in this regard.
Registration number 0001 will be the most expensive with the minimum reserve price fixed at Rs 5 lakh. Numbers from 0002 to 0009 will be the second most expensive, starting at Rs 3 lakh. The third category will include numbers from 0010 to 0099; 0786, 1000, 1111, 7777 and 999, for which bids will start at Rs 2 lakh.
Numbers- 0100,0111,0200,0222,0300,0333,0400,0444,0500,0555 0600,0666,0700,0777,0800,0888,0900,0999,2000,2222 3000,3333,4000,4444,5000,5555,6000,6666,7000,8000 8888,9000,0101,0108,1008, and 1313 have been included in fourth category with minimum reserve price fixed at Rs one lakh.
According to transport department, the e-auction of fancy numbers is likely to start in the next 15 days as at present, technical trial of the system is underway.
The system of auctioning is supposed to stop corruption in the allotment of fancy registration numbers.
"About 140 fancy numbers will be put to e-auction in the first round. The desirous and eligible persons can participate in the e-auction by registering online. After successful on-line registration, the person will receive a unique acknowledgement number (UAN).
The online registration will be open for about one week. After Online registration, the participating person/bidder will have to deposit a demand draft issued by any nationalized bank in the office of DTIDC at ISBT Kashmere Gate," said a senior transport department official.
Official also said that the amount of the demand draft will be the reserve price of the desired fancy number.
"After depositing the demand draft, the person will be eligible to participate in the online bidding process. After completion of registration process of about one week, the online bidding process will be held for three days.
One person can bid for ten fancy registration vehicle numbers against one unique acknowledgement number of registration (UAN). However one person will be allocated only one fancy registration number against each UAN," official also said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 04 2014 | 7:45 PM IST

Next Story