Naidu extended condolence to her bereaved family members.
"Felt very sad over the sudden demise of popular actress Sridevi. She was an extremely versatile and talented film star, who had acted in Teulgu, Hindi and other South Indian languages," the vice president tweeted.
Modi said he was saddened by her untimely demise.
"She was a veteran of the film industry, whose long career included diverse roles and memorable performances. My thoughts are with her family and admirers in this hour of grief. May her soul rest in peace," the PMO tweeted.
The actor, wife of producer Boney Kapoor, died late in the night reportedly due to cardiac arrest in Dubai, where she had gone along with her family to attend her nephew Mohit Marwah's wedding.
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