MHADA flats earlier were exempted from stamp duty. I'm the third owner of such property. I'd paid stamp duty and so did the owner before me. But the first owner did not pay and only have allotment letter (as that time by law they were exempted from paying stamp duty). Now I want to sell the flat but I'm being told by the broker that as per some new law I'll have to pay the stamp duty of the first owner too and that too at current market valuation and fine of 200%.
Want to know how far this is true and whether it is me or the first owner that should be penalized.
