Legal Question in Family Law in India

Gift deed is sufficient or not- reply

Thank you for the concern given my my question

''Gift deed is sufficient or not''

and your reply for this as given

details asked are:

I am married, The property of my father is a residence which is self purchased land on where developed with his savings. it is a non ancestral property.

I have 2 sisters. one is elder and married and other younger and married. as my father has some other property also which he wanted to give the shares as according to Muslim law. Even the present property which he is willing to gift to me will also be taken into consideration in the total share.

Inspite making share for my sisters for this property as its a residence ,he decided to gift me as a whole to avoid any disputes within family in future.

Total goverment value of the residence is 60,0000/-

Gift deed has to be done with a value of 1% which will be 60,000/-

If i have to make the registration in my name what will be the cost including stamp duty, registration fee and transfer duty fand wont it be again added money spend if there is another way out.

And offcourse i am looking forward for a secure position of mine for future.

thank you

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