The Department of Agrarian Reformss land valuation is only preliminary and is

The department of agrarian reformss land valuation is

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It is settled that the determination of just compensation is a judicial function. The Department of Agrarian Reforms's land valuation is only preliminary and is not, by any means, final and conclusive upon the landowner or any other interested party. LAND BANK OF THE PHILIPPINES v. GLENN Y. ESCANDOR, et.al., G.R. No. 171685, October 11, 2010 It is a settled rule that the nature and character of the land at the time of its taking is the principal criterion for determining how much just compensation should be given to the landowner. MOISESTINIO, JR. AND FRANCIS TINIO v. NATIONAL POWER CORPORATION, G.R. No. 160923, January 24, 2011 Just compensation determined in accordance with R.A. 6657, and not P.D. 27 or E.O. 228, is especially imperative considering that just compensation should be the full and fair equivalent of the property taken from its owner by the expropriator, the equivalent being real, substantial, full, and ample. LAND BANK OF THE PHILIPPINES v. MAGIN FERRER, ATTY. RAFAEL VILLAROSA, G.R. No. 172230, February 2, 2011 The Land Bank of the Philippines is not merely a nominal party in the determination of just compensation but an indispensable participant in such proceedings. As such, LBP possessed the legal personality to institute a petition for determination of just compensation. DAVAO FRUITS CORPORATION v. LAND BANK OF THE PHILIPPINES, G.R. No. 181566, March 09, 2011 The proper determination of the same is a matter of transcendental importance. The determination of just compensation goes beyond the private interests involved; it involves a matter of public interest — the proper application of a basic constitutionally-guaranteed right, namely, the right of a landowner to receive just compensation when the government exercises the power of eminent domain in its agrarian reform program. APO FRUITS CORPORATION AND HIJO PLANTATION, INC. v. LAND BANK OF THE PHILIPPINES, G. R. No. 164195, April 05, 2011 The fair market value of the lot should be determined at the time when the parties signed the compromise agreement and the same was approved because this is tantamount to EPZA impliedly agreeing to paying the market value in 1993. EXPORT PROCESSING ZONE AUTHORITY v. ESTATE OF SALUD JIMENEZ, et al., G.R. No. 188995, August 24, 2011 The Court has already categorically declared in that if the issue of just compensation is not settled prior to the passage of the CARL, it should be computed in accordance with the said law, although the property was acquired under P.D. 27. LAND BANK OF THE PHILIPPINES v. HEIRS OF JESUS S. YUJUICO, et al., G.R. No. 18471, March 21, 2012 In the payment of just compensation, the payment of interest shall be made until full payment of the amount adjudged as just compensation for the land. LAND BANK OF THE PHILIPPINES v. PERFECTO OBIAS, et al, G.R. No. 184406, March 14, 2012 Just compensation for private agricultural lands acquired by the government under the auspices of P.D. 27 in relation to E.O. 228 should be computed in accordance with the method set forth under R.A. 6657. DEPARTMENT OF AGRARIAN REFORM, REPRESENTED BY OIC-SECRETARY JOSE MARI B. PONCE, NOW BY SECRETARY NASSER C. PANGANDAMAN v. HEIRS OF ANGEL T.

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