Since it is a self-acquired property of your father, he has full rights to dispose of it as he pleases. He has the power to gift that property to you out of his natural love and affection. The gift deed may be properly documented and should also be got registered by paying the stamp duty as payable. This is necessary since one of the exceptions to the general principles laid down in Section 25 of the Contract Act, 1872, which says that an agreement which is without consideration is void, is that such an agreement is expressed in writing and registered under the law for the time being in force for registration of documents, and is made on account of natural love and affection between parties standing in a near relation to each other.
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