If you apply for replacement, and they issue card saying duplicate, it'll matter in resale.
Otherwise, it'll matter at the time of transfer when u sell it where they may raise an issue, though using help of agent with a lil fee, they'll transfer it to new owner.
If you went yourself, they do issue a charges slip where each and every detail is mentioned, it was unto you to check for any mistakes in your name, vehicle's engine and chassis number.