This study presents an approximate model for the atypical Schumann resonance in Titan's atmosphere that accounts for the observations of electromagnetic waves and the measurements of atmospheric conductivity performed with the HASI-PWA (Huygens Atmospheric Structure and Permittivity, Wave and Altimetry) instrumentation during the descent of the Huygens Probe through Titan's atmosphere in January 2005. After many years of thorough analyses of the collected data, several arguments enable us to claim that the Extremely Low Frequency (ELF) wave observed at around 36 Hz displays all the characteristics of the second harmonic of a Schumann resonance. On Earth, this phenomenon is well known to be triggered by lightning activity. Given the lack of evidence of any thunderstorm activity on Titan, we proposed in early works a model based on an alternative powering mechanism involving the electric current sheets induced in Titan's ionosphere by the Saturn's magnetospheric plasma flow. The present study is a further step in improving the initial model and corroborating our preliminary assessments. We first develop an analytic theory of the guided modes that appear to be the most suitable for sustaining Schumann resonances in Titan's atmosphere. We then introduce the characteristics of the Huygens electric field measurements in the equations, in order to constrain the physical parameters of the resonating cavity. The latter is assumed to be made of different structures distributed between an upper boundary, presumably made of a succession of thin ionized layers of stratospheric aerosols spread up to 150 km and a lower quasi-perfect conductive surface hidden beneath the non-conductive ground. The inner reflecting boundary is proposed to be a buried water-ammonia ocean lying at a likely depth of 55 - 80 km below a dielectric icy crust. Such estimate is found to comply with models suggesting that the internal heat could be transferred upwards by thermal conduction of the crust, while convective processes cannot be ruled out.