There are 2 scenarios:
(A) If you and your wife LIVED in the property you are mentioning is:
1) Your parents self acquired property >>> NO
2) Property is ancestral or you own it jointly with your parents >>> YES
(B) If you and your wife NEVER LIVED in the property you are mentioning is:
1) Your parents self acquired property >>> NO
2) Property is ancestral or you own it jointly with your parents >>> There is a Madras High Court case citation based on which Judge could probably give right of residence to your wife.
Madras High Court - Vandana Vs. Jayanthi Krishnamachari ( O.A No. 764/2007)
If there is a relationship which has legal sanction, a woman in that relationship gets a right to live in the shared household. Therefore, she would be entitled to protection under Section 17 of the Act, even if she did not live in the shared household at the time of institution of the proceedings or had never lived in the shared household at any point of time in the past.
Though the offer made by the learned counsel for the respondents/defendants to pay a reasonable amount towards rent appears to be fair and reasonable, the right guaranteed under the Protection of Women from Domestic Violence Act, 2005, cannot be negated by such offers, however, reasonable they may be.