The Kodanda Rama Temple is situated towards the east of Hampi at the end of the Virupaksha Bazaar. A small pathway from Virupaksha Bazaar at the east end leads along the river bank to Kodanda Rama temple. This temple faces Chakrathirtha, the most sacred bathing ghat in the river.

The temple is still in use and is considered a must for religious pilgrimage in this part of Karnataka.

Compared to other temples at Hampi, this is of more religious than architectural significance. The spot marks the place where Lord Rama crowned Sugriva as the King of Kishkhinda. The rectangular "Garbha Gruha" of the temple contains about 15 feet tall standing figures of Lord Rama, Sita and Lakshmana. These figures are carved out of a natural boulder.

Just behind the temples of Kodanda Rama are the temples for Sudarshana in the shape of a human figure with sixteen hands and Yantrodharaka Anjaneya or Hanuman.