G.R. No. 188046 - LAND BANK OF THE PHILIPPINES, VS. AMERICAN RUBBER CORPORATION.D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, judgment is hereby rendered ordering defendant LBP and DAR to jointly and severally pay [plaintiff] the following: 1. Just compensation of [plaintiffs] property amounting to ONE HUNDRED FIFTEEN MILLION THREE HUNDRED SEVENTY TWO THOUSAND TWO HUNDRED SIX PESOS (P115,372,206) which amount is broken down below: LAND USE AREA TAKEN VALUE/HECTARE TOTAL VALUE Rubberland 814.6625 P130,342 P106,184,739 Riceland 14.8470 P126,000 P 1,870,722 Coconutland 5.5676 P 98,430 P 548,018 Cacaoland 0.8971 P157,063 P 140,901 Idle/Rawland 13.4160 P 80,000 P 1,073,280 Black Pepper land 0.5918 P218,013 P 129,020 Plant Nursery 1.5574 P200,000 P 311,480 Plantation road 27.5043 P130,342 P 3,584,496 Airstrip 10.1970 P150,000 P 1,529,550 GRAND TOTAL P115,372,206 2. Interest based on the 91-day treasury bills rate as provided for under Section 18 of R.A. 6657 be reckoned from the [date] when [plaintiffs] property was taken and/or transferred to the Republic of the Philippines 3. Commissioners fees to be taxed as part of the costs pursuant to Section 12, Rule 67, of the 1997 RCP, as amended, which shall be claimed in a Bill of Costs to be submitted to the Court for its evaluation and proper action thereto; 4. Reasonable attorneys fees amounting to One Hundred Fifty Thousand Pesos (P150,000.00); 5. Costs of suit. SO ORDERED.