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JurisprudenceG.R. No. 221995 -

G.R. No. 221995 - REPUBLIC OF THE PHILIPPINES, REPRESENTED BY THE TOLL REGULATORY BOARD, V. SPOUSES TOMAS C. LEGASPI AND RUPERTA V. ESQUITO, PABLO VILLA, TEODORA VILLA, FLORENCIO VILLA, AND RURAL BANK OF CALAMBA (LAGUNA), INC..

Cited Laws

RA 453RA 521RA 8974RA 8974,RA 461
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TL;DR — Ruling

WHEREFORE, with the foregoing premises, this Court renders judgment fixing the amount of Three Thousand Five Hundred (Php3,500.00) Pesos per square meter as the just compensation for the properties of defendants herein. Accordingly, the Republic of the Philippines, represented by the Toll Regulatory Board is ordered to pay the defendants the amount of Php13,001,500.00 which represents the difference between the Php32,503,500 received by the defendants] as provisional payment for the 13,002 sq.

Decision

Ruling

WHEREFORE, with the foregoing premises, this Court renders judgment fixing the amount of Three Thousand Five Hundred (Php3,500.00) Pesos per square meter as the just compensation for the properties of defendants herein. Accordingly, the Republic of the Philippines, represented by the Toll Regulatory Board is ordered to pay the defendants the amount of Php13,001,500.00 which represents the difference between the Php32,503,500 received by the defendants] as provisional payment for the 13,002 sq. meter lots owned by defendants and the amount of Php45,507,000.00 computed at the rate of Php3,500.00 per square meter. Further, the defendants are hereby ordered to pay Commissioner's fee of Ten Thousand Pesos (P10,000.00) each Commissioner. SO ORDERED.