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The Punjab Transport Department has raised prices for fancy car number plates. Number 0001 now costs Rs 5 lakh, up from Rs 2.5 lakh. Numbers 0002-0009 are Rs 2 lakh, and 0010-0099 are Rs 1 lakh
The previous reserve price for number 0001 was Rs 2.5 lakh, which has now been raised to Rs 5 lakh. (News18 Hindi)
Personalised number plates are often sought after by many people as these plates are much more than a unique set of numbers. They can act as an investment and even, as a status symbol for the vehicle owner, projecting a sense of exclusivity. But, are you willing to pay around eight times the original amount for a fancy number plate?
The Punjab Transport Department has raised the prices for unique number plates. If you wish to feature your preferred number on your car’s registration plate, be prepared for a significant expense. For example, if you want the number 0001, it will set you back a minimum of Rs 5 lakh. This amount was previously set at Rs 2.5 lakh, but it has now been increased.
Detailed Cost Breakdown for Various Numbers
0001: Rs 5 lakh
0002 to 0009 and 0786: Rs 2 lakh
0010 to 0099: Rs 1 lakh
For numbers like 0100, 0200, 0300, 0400, 0500, 0600, 0700, 0800, 0900, 1000, 0101, 0111, 0777, 0888, 0999, 1111, 7777, 1008, 0295, and 1313, the cost is Rs 1 lakh. You’ll need to pay Rs 50,000 for numbers such as 2000, 3000, and 4000. The price for number 0123 stands at Rs 20,000. Any other distinct number will incur a charge of Rs 10,000.
Prices Have Surged By A Factor Of 8
The previous reserve price for number 0001 was Rs 2.5 lakh, which has now been raised to Rs 5 lakh. The cost for numbers 0002 to 0009 was Rs 25,000 last year, and it has now skyrocketed to Rs 2 lakh. The fee for numbers 0010 to 0099 has risen from Rs 12,500 to Rs 1 lakh. Other fancy numbers that previously cost Rs 5,000 now have a reserve price between Rs 10,000 and Rs 20,000.
- Location :
Punjab, India, India
