She was 86.
Devi was admitted to a private hospital in Chennai after she had complained of breathing difficulties on January 11.
In a career spanning more than six decades, Devi acted in Telugu, Hindi, Tamil and Kannada movies.
Devi, who acted in a number of films starring late N T Rama Rao and Akkineni Nageswara Rao, immortalised the mythological role of Sita in the movie 'Lavakusa'.
Married to noted film music director Adinarayana Rao, who passed away earlier, the couple also produced several movies.
Andhra Pradesh Chief Minister N Kiran Kumar Reddy, Telugu Desam Party (TDP) Chief N Chandrababu Naidu and YSR Congress president Y S Jaganmohan Reddy condoled Devi's death.
Recalling her performance in movies like 'Lavakusa', 'Bhakta Prahlada' and 'Bhakta Tukaram', Reddy said Devi was a household name in Andhra Pradesh.
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