The most distinctive feature of Annavaram is the shrine to Lord Veera Venkata Satyanarayana Swamy situated upon the Ratnagiri Hills. The land of the Annavaram is considered to belong to both Lord Sri Veera Venkata Satyanarayana Swami Temple and Goddess Anantalaxmi Satyavathi Ammavaru.
National Highway (NH)-5 passes via Annavaram. The Andhra Pradesh State Road Transport Corporation (APSRTC) operates regular bus services from Kakinada to Tuni, Rajahmundry to Tuni, and Yele-swaram to Tuni via Annavaram. Important trains of the South Central Railways (SCR) passing through are the Vijayawada-Vishakapatnam Ratnachal superfast express, the Chennai-Howrah Mail, Kolkata-Chennai halt at Annavaram, which is the nearest railway station within about 2 miles of the temple. The temple, situated on the hill top, is about four furlongs (almost a kilometer) away from its base. It can be reached either by steps covered with canopy, via Ghat road, or trekked via a stone path.
The popularity and importance of the temple is increasing among pilgrims and this place is considered as second only to Tirupati in Andhra Pradesh. Festivals are celebrated year-round at this temple with great pomp and show. Some of the popular festivals celebrated are the Kalyanam festival in May, the Devi Navaratri festival in September, the Swayamvara Vardhanti of Sraavana Suddha Ekadashi Day, Srirama Kalyana, Kanakadurga Yatra, Prabha Utsavam, Teppa Utsavam and Jalatoranam.