Transfer of Property

Taxation on transfer of immovable property without consideration. 

To resolve family asset distribution issue .i.e. 

1. I want   transfer of immovable property (agricultural land)  without consideration to my father's cousin brother and with payment of applicable govt. stamp duty and registration charge is it possible?

2. What will be Taxation on transfer of immovable property without consideration? since property  value will be more than 50K.

Please advice.