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Sale on Allotment letter

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Sale on Allotment letter

Last updated: March 17 2020
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  • Sale on Allotment letter

    Hi.

    I am a second owner of a flat which i bought in 2008. i bought the flat from the 1st Owner thru proper agreement and regisration but the builder has sold the flat to the first owner on an allotment letter. Now if I want to sell my flat i have to pay the stamp duty with a 400% fine. I bought this flat on a Homeloan and i was not educated about this during that time, but now the bank insists on the same to the person i am selling this flat to. What can be the way forward to this.




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