NSW property buyers paid $4.39 billion in stamp duty over 2012-2013 financial year

NSW property buyers paid $4.39 billion in stamp duties in 2012-2013, which was down on the anticipated $4.46 billion revenue for the 2012 to 2013 budget.

But stamp duty on residential transfers in 2012-2013 were about 18.4% higher than in 2011-2012.

And stamp duty receipts are expected to jump this budget financial year to $4.96 billion,  reflecting positive indicators which could see  20.5% boost in residential transfer duties.

Overall stamp duty paid on transfer of all property is forecast to increase at an average annual rate of 9.1% over the next four years.

"Transfer duty is a volatile douce of revenue, with annual movements exceeding 25% not uncommon," the budget papers noted.

Transfer duty includes duty on residential sales, and small and large commercial transaction, including the sale of ports.

It raises about 20% of total state government tax revenue.