Gift deed to father

Registering a gift deed with the sub-registrar of assurances is mandatory as per Section 17 of the Registration Act, 1908, failing which the transfer will be invalid. Besides, such a transfer is irrevocable. Once the property is gifted, it belongs to the beneficiary and you cannot reverse the transfer or even ask for monetary compensation. Only gifts to non-relatives is taxable. In your case no tax. H.R.A. aspect is different. If you pay rent it is not taxable. If you do not pay rent it is taxable subject to the I.T. act.

Thanks sir for reply,

Still i am not clear about registration and stamp duty charges,

As per rule gift deed to family members[husband, wife, son, daughter, daughter-in-law and grand children] cost around 1570.00 only for registration and stamp duty in karnataka..

I am doubtful as father is not mentioned in family members.

Please clarif ,what should be registration and stamp duty in this case.

For stamp duty charges you have to pay 1% of the total valuation of the property as per circle rate / govt.rate and 2% of the total valuation of the property for registration in the sub registrar office .