The present building minus the Pillaiyar sanctum, Rajagopuram (grand tower entrance) and the covered walkway were completed in 1966. At this juncture, many elders advised that the main deity of the temple be changed from the imposing Sri Narasimha to the gracious Sri Srinivasa Perumal. The temple was thus renamed Sri Srinivasa Perumal Temple.
Although financial constraints had prevented the addition of a Rajagopuram to the façade of the temple in the early days, in 1979, Rajagopuram was erected. All costs for the entire construction and renovation works in the 1970s redevelopment phase were generously borne by Mr P Govindasamy Pillay.
In 1978, Sri Srinivasa Perumal Temple was declared a National Monument by the Preservation of Monuments Board.
The temple underwent major facelifts in 1987, 1992 and 2005. During the different phases of redevelopment, improvements were made to the façade and facilities to meet imperative devotee needs. Visitors to the temple today can witness the painstaking efforts undertaken by the temple’s successive management committees to ensure that its conservation status was maintained. From well laid out sanctums, rich sculptural embellishments to an ornate mandapam (pillared pavillion) built for the worship of processional deities, these and many more new features make the temple an embodiment of Hinduism.