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JurisprudenceG.R. No. 175726 -

G.R. No. 175726 - LAND BANK OF THE PHILIPPINES, VS. HEIRS OF ANTONIO MARCOS, SR., NAMELY: ANITA M. RUBIO, LOLITA M. PELINO, ANTONIO MARCOS, JR. AND RAMIRO D. MARCOS.

Cited Laws

RA 6657RA 6657,RA 447,
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TL;DR — Ruling

Wherefore, in view of the foregoing, the prior valuation of the LBP is hereby set aside and a new valuation is fixed at FOUR HUNDRED FORTY-SIX THOUSAND SEVEN HUNDRED EIGHTY-SIX PESOS and .03 Centavos (P446,786.03) for the acquired area of 14.9274 hectares at Twenty-Nine Thousand, Nine Hundred Thirty Pesos and .

Decision

Ruling

Wherefore, in view of the foregoing, the prior valuation of the LBP is hereby set aside and a new valuation is fixed at FOUR HUNDRED FORTY-SIX THOUSAND SEVEN HUNDRED EIGHTY-SIX PESOS and .03 Centavos (P446,786.03) for the acquired area of 14.9274 hectares at Twenty-Nine Thousand, Nine Hundred Thirty Pesos and .60 Centavos (P29,930.60) per hectare is adopted. The Land Bank of the Philippines is hereby ordered to pay the same to the landowners in the manner provided for by law. SO ORDERED.