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LAND BANK OF PHILIPPINES v. SPS. ROSA AND PEDRO COSTO

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GR No. 179334
2015-04-21
SECRETARY OF DEPARTMENT OF PUBLIC WORKS v. SPS. HERACLEO AND RAMONA TECSON
PERALTA, J.
The Bulacan trial court, in its 1979 decision, was correct in imposing interests on the zonal value of the property to be computed from the time petitioner instituted condemnation proceedings and "took" the property in September 1969. This allowance of interest on the amount found to be the value of the property as of the time of the taking computed, being an effective forbearance, at 12% per annum should help eliminate the issue of the constant fluctuation and inflation of the value of the currency over time x x x.[22]