Undivided Share (UDS) refers to a concept commonly used in the context of residential complexes or apartment buildings. When you purchase an apartment within such a complex, you not only own the physical space of your unit but also hold a proportional share in the overall land on which the entire structure is erected.
In simpler terms, UDS represents your ownership stake in the common land or plot on which the residential complex stands. While you do not have specific boundaries or a defined piece of land allocated to you, your UDS signifies the percentage or fraction of the total land that belongs to you as a flat owner.
It is important to note that the UDS is typically calculated based on the size of your apartment in relation to the total constructed area of the complex. This means that if your apartment constitutes a larger portion of the total built-up area, your UDS will reflect a higher percentage of the overall land.
The concept of UDS is crucial in determining your rights and responsibilities as a flat owner within the complex. It entitles you to certain privileges such as a say in common area management decisions, access to shared amenities, and a proportional share in the common expenses and maintenance costs.
Understanding the concept of UDS is vital when considering an apartment purchase in a residential complex. It ensures transparency and clarity regarding your ownership rights in the common land while emphasizing the collective nature of the development.
Parking space and undivided land share
When you’re buying a property, it’s crucial to ensure that the builder has specifically designated a parking space for you. This dedicated parking spot holds great value for the buyer as it contributes to their overall ownership rights. In fact, the calculation of your undivided share of land includes not only the measured portion of land but also the area of the allocated parking space in square feet.
Verifying the availability of a dedicated parking space is essential because it guarantees you a convenient and secure spot to park your vehicle. Additionally, by including the area of the parking space in the calculation of your undivided share of land, it further enhances the value and benefits associated with your property ownership. So, remember to inquire about and confirm the allocation of a parking space before finalizing your property purchase.
How undivided land share is calculated
To determine the undivided share in common property, a straightforward calculation method is used. It involves multiplying the size or area of an individual apartment by the total land area on which the property is built. The resulting value is then divided by the total area of all the apartments developed within the project.
For example, let’s consider a residential project with a total land area of 10,000 square meters. Within this project, there are apartments of varying sizes. Suppose you own an apartment with a size of 100 square meters. To calculate your undivided share in the common property, you would multiply 100 square meters (your apartment size) by 10,000 square meters (total land area). The product, in this case, would be 1,000,000 square meters.
Next, you need to divide this value by the total area of all the apartments in the project. Let’s say the total area of all the apartments combined is 50,000 square meters. Dividing 1,000,000 square meters by 50,000 square meters gives you an undivided share of 20.
So, in this example, your undivided share in the common property would be 20. This means you hold a 20th portion or 1/20th share of the overall common property, which includes shared amenities, common spaces, and facilities within the residential project.
