Chandigarh: '0001' fetches Rs 24.40 lakh, second highest-ever bid

Tribune News Service

Chandigarh, January 24

The fancy registration number, ‘0001’, of the CH01CH series fetched the highest bidding price of Rs 24.40 lakh against the reserve price of Rs 50,000 during an e-auction conducted by the Registering and Licensing Authority (RLA) here today.

This is the second highest amount ever earned for this number in the history of the RLA. The highest-ever bid for the registration number 0001 of the CH01AP series was made for a whopping Rs26.05 lakh in 2012.

The registration number 0101 of the CH01CH series fetched the second highest amount of Rs7.30 lakh.

An official said during the e-auction of vehicle registration numbers (fancy and choice) of the new series CH01-CH from 0001 to 9999, a total of 503 registration numbers were auctioned.

The e-auction of special registration numbers of the new series, CH01-CH, along with re-auction of leftover fancy numbers of previous series CH01CG, CH01CF, CH01CE, CH01CD, CH01CC, CH01CB, CH01CA, CH01BZ, CH01-BY, CH01-BX, CH01-BW, CH01-BV, CH01-BU, CH01-BT and CH01-BS, was held today. The RLA earned a total revenue of more than Rs2,31,15,000 from the e-auction.

The RLA had earned a total revenue of Rs1,43,84,000 from the e-auction of fancy numbers of the series, CH01-CG, along with the re-auction of leftover numbers of the previous series. Similarly, the RLA had earned a revenue of Rs1,10,66,000 from the e-auction of fancy numbers of the CH01-CF series and the leftover previous series and Rs1,15,72,000 from the e-auction of special numbers of the CH01-CE series and the re-auction of leftover numbers of the previous series.

The successful bidders will be required to get their vehicles registered as well as deposit the bidding amount within one month from the date of auction, failing which a penalty of 10 per cent as well as interest at the rate of 10 per cent on the balance amount will be charged till the date of payment.

Only owners who had purchased the vehicles on a Chandigarh address were allowed to participate in the e-auction.

About The Author

Tribune News Service

The Tribune News Service brings you the latest news, analysis and insights from the region, India and around the world. Follow the Tribune News Service for a wide-ranging coverage of events as they unfold, with perspective and clarity.