As it is clear from your query that you are not able to take benefit of interest paid on Home loan which was taken by your Father as you are not an owner of the property.
You can not claim deduction of interest on home loan as you were not a co-borrower at the time when loan was taken. So you wouldn't able to take benefit of interest even when transfer is made by your father to you.
However, There is a way out where you can transfer amount (principal+ Interest) in your father's account and he would make payment to bank then your father would become eligible for taking deduction of interest.
This way you wont have to go through the process of transfer of property. Thus, would be convenient and beneficial for you.
In case of any clarification feel free to contact.
Thanks and Regards