NPC V Sps Saludares
NPC V Sps Saludares
NPC V Sps Saludares
Facts:
Sometime in the 1970s, NAPOCOR constructed high-tension transmission lines to
implement the Davao-Manat 138 KV Transmission Line Project which traversed a
12,060-square meter portion of a parcel of agricultural land covered by TCT No. T-15343
and owned by Esperanza Pereyras, Marciano Pereyras, Laureano Pereyras and Mindaluz
Pereyras.
Petitioner averred that it already paid just compensation for the establishment of the
transmission lines by virtue of its compliance with the final and executory decision in the
previously instituted expropriation proceedings.
The Commissioners appointed by the court recommended the amount of ₱750 per square
meter as the current and fair market value of the subject property based on the Schedule
of Market Values of Real Properties within the City of Tagum effective in the year 2000.
Trial on the merits ensued. On 10 September 2002, the Court ordered NAPOCOR to pay
the plaintiffs the just compensation for the use, occupation and utilization of the land
from which it benefited and profited since January 1982, at the rate of ₱750 per square
meter, plus interest at the rate of 12% per annum reckoned from January 01, 1982, until
said amount is fully paid, or deposited in Court.
The CA affirmed the trial court’s Decision, but reducing the rate of interest to 6% per
annum.