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JurisprudenceG.R. No. 206992 -

G.R. No. 206992 - LAND BANK OF THE PHILIPPINES, VS. HEREDEROS DE CIRIACO CHUNACO DISTILERIA, INC..D E C I S I O N - Supreme Court E-Library

Cited Laws

RA 6656RA 6657RA 6657,
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TL;DR — Ruling

WHEREFORE, taking into account the evidences (sic) presented by the parties, the valuation pegged at P958,010.82 for the subject properties of landowner/protestant is hereby set aside and new one entered at P4,455,349.62 as the just and fair value thereof or the equivalent of P195,410.07 per hectare.

Decision

Ruling

WHEREFORE, taking into account the evidences (sic) presented by the parties, the valuation pegged at P958,010.82 for the subject properties of landowner/protestant is hereby set aside and new one entered at P4,455,349.62 as the just and fair value thereof or the equivalent of P195,410.07 per hectare. The Land Bank of the Philippines Valuation Office, Legazpi City is hereby ordered to effect payment to herein landowners/protestants pursuant to pertinent guidelines. SO ORDERED.