a. It is not an ancestral property. It is the inherited property of your father. Ancestral property has different legal meaning.
b. Daughter's have equal right on their father's properties.
c. File the partition suit also alternatively claiming equal share of the sale proceeds of the said property, if sold with court order.
d. You can also relinquish your right against collection of consideration but the said collection of consideration can not be mentioned in the relinquishment deed as otherwise it will become sale deed attracting appropriate stamp duty. There will be no I.Tax for relinquishing right but you shall have to show the consideration received for the said relinquishment in some other source like gift.
e. It depends on the quality of lawyer you choose. Ordinarily a reasonably placed lawyer charges Rs.30/40 K for drafting a gift deed. The registration cost will be extra at actuals to be paid to the government. For drafting 5 Deeds, the fees may be reduced to Rs.20 K per Deed.