Draw semi transparent overlay image all over the windows form having some controls such that all its child controls should be visible but you can't click them. It should just like we see some things through some semi transparent black mirror.
I have tried using Transparent control. That is sub-classing Panel control and drawing image over that control, however all the controls are fully visible.
Create a layered window that is kept on top of your primary form and synced with its location. You can alter the layered window's alpha using a 32-bit RGBA image in order to get your desired effect.
There's a decent codeproject article showing you how to do this here.
I believe a simpler approach is to put a transparent Label control where you set its opacity and also disable its AutoSize feature and resize the label to the size of the surface you want to cover.
Then when you want to overlay the label, you send it to the front (programmatically) and make it visible. When you want to disable the overlay send it to the back and make it invisible.
I have done this with a text label that overlays my whole form. I think it would work just the same if instead of setting the Text property of the Label control, you set a semi-transparent (PNG) image.
This is going to require another form that you display on top of the existing one. Its Opacity property can create the intended effect. Add a new class to your project and paste the code shown below. Call the Close() method to remove the effect again.