He told reporters at Visakhapatnam on Tuesday that he has not yet taken a decision whether to contest for Lok Sabha or state assembly. He said a decision in this regard would be taken after talks with Naidu, who is also his brother-in-law.
Balaiah, as the actor is popularly called, said he was entering into politics to fulfill the ideals of his father.
The actor had stated last year that he was ready to contest the assembly elections.
He along with his nephew and young star Junior NTR had campaigned for TDP in 2009 elections, but did not participate in the party activities.
Balakrishna's daughter Brahmani is married to Lokesh, son of Chandrababu Naidu.
His father NTR, a popular film actor, had formed TDP in 1982 and created record of sorts by coming to power within nine months.
NTR, who was unseated in a coup led by his son-in-law Chandrababu Naidu in August 1995, died five months later.