Speaking to reporters here, Singh said, "In a way, my term as president has come to an end. At the right time, I will hand over the reins to the new president to bring in a change of responsibility."
When asked whether he had set a deadline to quit as party president, Singh said, "I have not decided the date as yet."
However, Singh said he would abide by any consensus arrived at by the party on the issue.
He further said he wanted the ongoing organisational elections in the state units of the party to be completed soon.
"I want that the organisational elections be completed at the earliest and there should be no undue delay."
Sources close to Singh said in case the process runs into Feb or Mar, the BJP chief is unlikely to wait that long. Singh was elected as party president on Nov 26, 2006 and may treat that as the deadline.