Property Gift Consideration into books of accounts?

I received a 2400sft plot as a gift from mom on Nov/2009, Now how should i consider the value into my books since its a gift? a)My mom had purchased it for 15,000/- in the year 1984 or b) The Sub register value on date of the gift was Rs 25 Lacs?

In tally the entries should be like : BY Land property Rs _____ TO Capital a/c______ am i right ?