Undivided Share of Land: Meaning, Importance & Calculation

Importance of UDS

As the UDS full form suggests, it is important in many aspects:

• Ownership Rights: The UDS represents your proportionate share of land in a jointly owned building or property.
• Legal Entity: UDS establishes a legal entity in a multi-unit building. It defines the rights and responsibilities of each owner within the large property’s framework.
• Common Amenities: It is crucial in determining the allocation of common facilities and amenities shared among property owners.
• Maintenance and Other Expenses: It determines the costs and maintenance of common areas in a building.
• Property Value: It impacts an individual unit’s market value in a multi-unit development.
• Financial and Legal Matters: It is vital when resolving financial and legal matters of a property.
• Expansion and Development: It influences a property's scope of expansion or development.

Also Read: How to Calculate Land Area or Plot Area in Square Feet?

How to Calculate UDS?

Calculating the UDS is a simple process requiring crucial information about the flat and the building. In the context of housing societies and multi-storey buildings, you will need the following details:

• Total property land area 
• Specific unit’s super built-up area, including the carpet area plus the proportionate share like elevators, staircases, corridors, etc.
• Super built-up area of the entire building

After collecting this information, you can use the following formula to calculate the undivided share of land: UDS = (Super built-up area of your unit / Super built-up area of all units) x Total land area.

Example for UDS Calculation

Suppose a building has ten apartments with four 1 BHK flats, four 2 BHK flats, and two 3 BHK flats. If you own one 2 BHK flat in the apartment with an area of 800 sq ft while 1 and 3 BHK flats are built over 600 sq ft and 1,000 sq ft., respectively, the undivided share of land from the total land area of 10,000 sq ft. would be as follows:

Total land area

4 x 600 + 4 x 800+ 2 x 1,000 = 7,600

Individual apartment’s size = 800

Apartment’s total area = 10,000

10,000 x 800 / 7600 = 1,053 sq ft (approx)

This means that each owner of a specific unit will have an undivided share of land of 1,053 sq ft.

Also Read: How Much Bigha In 1 Acre?

Important Points To Keep In Mind Regarding The UDS

• Check your agreement papers for UDS, as it is crucial for reselling the property.
• If you apply for a mortgage loan, UDS is an important factor that loan companies check before sanctioning.
• During property registration, the sub-registrar will check the share certificate.
• In cooperative housing societies, each member will have an equal UDS irrespective of their unit size.

Also Read: How Much Is A Gaj In Square Feet?

Conclusion

Whenever you buy a flat, you generally invest in the land and the constructed structure over it. The UDS means the part of the land you co-own in an apartment. If you decide to resell the flat or borrow a mortgage loan against it, UDS is a significant factor in determining the property's current value. Use the method mentioned here to calculate your UDS and be informed.

Hero FinCorp offers mortgage loans of up to Rs 7.5 Crore based on the property value to eligible applicants with interest starting at 11% and flexible repayment tenures of up to 15 years.

Also Read: What Is Leasehold Property? Everything You Need To Know

Frequently Asked Questions

1. Can I sell my undivided share of the property?

You can sell your UDS with a registration deed after the consent of all co-owners.

2. Who is the landowner in an apartment?

The apartment owners own the land collectively. In a cooperative housing society, the flat and society owners are the society shareholders.

3. What is a good UDS percentage?

A UDS of 5-10% is good for apartments, but it should be 20-35% for low-rise structures like villas, BIFs, and row houses.

4. What is a mortgage loan meaning?

A mortgage loan is a secured loan against a property you own.

Disclaimer: The information provided regarding Undivided Share of Land (UDS) is for general informational purposes only and should not be construed as financial or legal advice. Readers are advised to consult with relevant professionals for specific guidance tailored to their individual circumstances. Hero FinCorp do not endorse any specific financial products or services mentioned in the content.