The last and final question is answered by Shri. T. Kalaiselvanji and it clarified every thing.
Now I can firmly say that all my queries are properly answered by Shri. T. Kalaiselvanji.
At this last message I am thanking you Shri. T. Kalaiselvanji from bottom of my heart,
as you have not only cleared my doubts but also saved me from a long legal battle.
I also thank 'lawyersclubindia' for having such a nice platform and elite members it really helps a lot.
This is the end of my query regarding “property gift deed and share transfer procedure”.
I hope this exercise will benefit others and may serve as a ready racknor.