Ashutosh chaudhary 24 March 2019
G.L.N. Prasad (Retired employee.) 25 March 2019
Without stating full facts, you can not expect guidance from on line forum. Trust a local advocate and seek his opinion and draft the necessary deeds. As he stays locally, you can approach him in the future for his advice in case of complications. (Your father is just a co-sharer in the ancestral property ( in the post you have stated my ancestral property....is not correct-At the most he can relinquish his share of property in your favour and not the entire property belonging to other co-sharers)
Ashutosh chaudhary 25 March 2019
P. Venu (Advocate) 25 March 2019
The rate of stamp duty varies from State to State. In most of the States, gift among close relatives attract only nominal stamp duty.