Kiran's body was consigned to flames in the presence of several film personalities and a large number of fans here.
His father V Murthy performed the last rites.
Several top film personalities, including Dasari Narayana Rao, Venkatesh and D Suresh Babu, paid tributes.
The 33-year-old actor, who started out as a heartthrob in 2000, allegedly committed suicide at his flat at Srinagar colony here on Sunday night, apparently after film offers dried up of late, pushing him into mental depression.