(a) Upon the filing of the declaration of taking and the deposit into court, which deposit shall be made at the time the declaration of taking
is filed to the use of the persons entitled thereto, of the sum of money estimated in the declaration by the condemning authority to be just compensation, title to the property in fee simple absolute or such lesser interest as is specified in the declaration shall vest in the condemnor; the land shall be deemed to be condemned and taken for the use of the
condemnor; and the right to just compensation for the same shall vest
in the persons entitled thereto.
(b) Nothing in this Code section shall be construed so as to deprive the owner of the property or interest of due process of law as guaranteed by the Constitutions of Georgia and of the United States.