This temple is located on the Bus Route leading from Tenali to Ponnur. Just 2 K.ms. from Tenali Bus Station and 2 K.Ms. from Tenali Railway Junction. Train which goes to Repalle from Tenali.
It is learnt that the Founder Late Sri Thulluru Balanarasimha Rao Gowda has got a sweet dream in which he has received a message a 'Snake God' Nagaraju with directions that he should take steps for the construction of Sri Venkateswara Swamy Temple in a place located to the southern side of the Repalle to Guntur Railway Line and on the side of Nizampatnam Canal i.e., the place indicated by Snake God Nagaraju. It is sufficiently having adequate space for future developments. The snake God Nagaraju was also installed in a corner place of that locality. On hearing this message Sri Thulluru Bala Narasimha Rao Gowda has taken a strong decision to dedicate that area where Snake God Nagaraju resides for the construction of a beautiful temple to Sri Venkateswara Swamy and he has relinquished all his rights over that land.
Afterwards he has taken all strenuous steps to collect donations from some philanthropic minded donars. Besides that he also contributed his own share of money and utilized the same for the construction of Sri Venkateswara Swamy Temple which is now called as Sri Lakshmi Padmavathi Sametha Sri Venkateswara Swamy Temple, Vykuntapuram. Thus the temple premises or the locality of the temple has been developed in the year 1961. During the year 1972 the pratista of the Deities has been performed in accordance with the Vykhanasa Agama. From that day onwards the importance of the temple has become popular and people from all parts of the used to go over and pay their votive offerings since their objects are being fulfilled by Lord Venkateswara. Seing the importance of the temple the Endowments Department has taken over the temple during the year 1973, when the temple income was about Rs.50,000/- per annum. Now, devotees are coming not only from Guntur District but also from all parts of Andhra Pradesh. Now, the income of the temple has come to Rs.62.00 Lakhs per year. There is a brilliant scope for developing this temple with the offerings and Kanukas of the pilgrim worshippers. The flow of the pilgrims to this temple is increasing from day to day. There is a vast space in this temple for performance of marriages. There are occasions when nearly Two to Three hundred marriages at a time during the auspicious month of Maghamasam and Vysakhamasam. There is a another practice observed by the pilgrims offering Kesakandana. There is another practice offering Pongali Nivedana to Snake God Nagaraja on every saturday. During the month of Kartheekamasam number of devotees will come and perform Naga Pooja on Naga Chaturdasi day. This shown the staunch belief of devotees about Nagaraja. Now, the status of the temple has attracted the appointment of an Assistant Commissioner, who is in Gazetted rank.
This temple is not endowed with any landed proprieties. The income is entirely depending upon the offerings received from the devotees by way of Kanukas, performance of Archanas, performance of Marriages and Hundial collections. The temple is going from strength to strength gradually and the management has taken up many imposing and attractive constructions for providing required amenities for the visiting piligrims. This is a temple which is developing at a speady way for the benefit of the visiting piligrim public.
There are many cases who have got ‘eyes' due to the performance of Pradakshinam's around the Nagendra Swamy putta for about 40 days continuously. Further, there are cases who got children by the grace of Venkateswara Swamy on performance of pradakshinams and sleeping during nights in the temple premises for continuously period of 40 days. Similarly there are cases who are dumb and nute are able to talk and here after performance of pradakshinams to Lord Venkateswara and Nagendra Swamy and also after offering milk to Nagendra Swamy. There many people benefited with the blessings of Lord Nagendra Swamy and Lord Venkateswara Swamy after offering their votive offerings. There are many instances which we are not able to express the benefits availed by the devotees after performing their dedications to Lord Venkateswara and Nagendra Swamy.
During sravanamasam there is a practive of performing Varalaxmi Vratham and practice of offering Blouse pieces to devotees.