Will vs gift of immovable property

HELLO SIR

(1) As per my opinion, both the options r open for u, You can transfer by will or Gift. (BUT WILL IS LITTLE EXPENSIVE) 

(2) In gift ownweship transfer Immediately but in WILL it will be transfered after your death(BASIC DIFFERENCE)

(3) I think WILL can be registered at any place (take a advice from  legal expert on this point)

(4) Yes your son can get the property on the basis of will, but make sure WILL should be registered.

And one thing more when your son sell this property after transfer then period of holding will be taken from the date of purchase of property by you ( for indexation purpose)

THANKS 

SHIKHAR SEHGAL

Will is a legal declaration of the intention of a testator with respect to his property, which he desires to be carried into effect after his death. Will is ambulatory, can be amended, revoked during the lifetime of the testator. Gift deed is a registered document which cannot be revoked by its Doner. It is effective immediately after its execution.

Based on the above, it is you to decide which is better.

Registration of a will is optional. The place of registration depends on the State in which property is situated. Will can be made from any where in the world.

Yes your son be able to get the property transferred in his name, but not in your lifetime.

For procedure, please consult any document writer.