1. Is it possible to gift deed this agricultural land by elder sister to younger sister? Does article 79 prohibits such gift deed from agriculturist elder sister to non-agriculturist younger sister in Karnataka?
There is no restriction as far as section 79 of Karnataka land reforms act to acquire an agricultural property from a close relative through transfer of the same by executing a registered gift deed in her favor.
2. What is the procedure to get the gift deed done in case it is permitted?
Prepare a gift deed through a document writer, get it executed and registered through a local sub-registrar's office.
3. What will be the cost of gift deed stamp duty in percentage?
The stamp duty is a local subject and will differ from one state to another, hence you may enquire it locally.