transfer of property to wife

Querist : Anonymous (Querist) 21 March 2010 This query is : Resolved
I want to give my commercial shop in NCR to my wife. My father is also co-owner in the property. He has no problem. Property was purchased from my money.

* What are the options, like gift, relinquishment deed, ....
* How much are they going to cost?
* Which of these options will cost the least, including stamp duty, any tax etc.

Another question linked to this is, if the property is sold by me and my father, can new property be purchased in the name of my wife (no co-owner in the new property)? What arrangement is needed in this case?

Thanks.

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