You will need to read and parse the UDT instance’s extended properties.
# The name of the parameter to be read
paramName = "MyUDTParam"
path = "%s.ExtendedProperties" % myUDTInstanceFullPath
props = system.tag.read(path)
if props.value is not None:
for prop in props.value:
if prop.getProperty().name.lower() == paramName.lower():
print prop.value
break