The property that was bought on your step grandmother's name by your grandfather shall be her own property.
If she is reported to have died then it may devolve on her own legal heirs consisting her own children and not including the children of the first wife.
If she has executed a Will on the said property and has died then the beneficiaries of the Will shall acquire the properties left behind by her.
In my opinion, even if there was no Will, if the property title document was on your step grandmother's name then her own legal heirs are entitled to inherit the property left behind by her.
Therefore before deciding to file any law suit claiming any share in the property, you may better discuss with a local advocate by producing all the relevant papers before him/her and decide further course of legal action on this.