diff --git a/dockers/docker-snmp/snmpd.conf.j2 b/dockers/docker-snmp/snmpd.conf.j2
index 182056b636e1..aa04901f0009 100644
--- a/dockers/docker-snmp/snmpd.conf.j2
+++ b/dockers/docker-snmp/snmpd.conf.j2
@@ -28,32 +28,6 @@
 {% for (agentip, port, vrf) in SNMP_AGENT_ADDRESS_CONFIG %}
 agentAddress {{ protocol(agentip) }}:[{{ agentip }}]{% if port %}:{{ port }}{% endif %}{% if vrf %}%{{ vrf }}{% endif %}{{ "" }}
 {% endfor %}
-{% elif NAMESPACE_COUNT is not defined or NAMESPACE_COUNT|int <= 1 %}
-{% if MGMT_INTERFACE is defined %}
-{% for intf, ip in MGMT_INTERFACE %}
-{% set agentip = ip.split('/')[0]|lower %}
-{% set zoneid = '' %}
-# Use interface as zoneid for link local ipv6
-{% if agentip.startswith('fe80') %}
-{% set zoneid = '%' + intf %}
-{% endif %}
-agentAddress {{ protocol(agentip) }}:[{{ agentip }}{{ zoneid }}]:161
-{% endfor %}
-{% endif %}
-{% if LOOPBACK_INTERFACE is defined %}
-{% for lo in LOOPBACK_INTERFACE %}
-{% if lo | length == 2 %}
-{% set intf = lo[0] %}
-{% set agentip = lo[1].split('/')[0]|lower %}
-{% set zoneid = '' %}
-# Use interface as zoneid for link local ipv6
-{% if agentip.startswith('fe80') %}
-{% set zoneid = '%' + intf %}
-{% endif %}
-agentAddress {{ protocol(agentip) }}:[{{ agentip }}{{ zoneid }}]:161
-{% endif %}
-{% endfor %}
-{% endif %}
 {% else %}
 agentAddress udp:161
 agentAddress udp6:161
diff --git a/dockers/docker-snmp/start.sh b/dockers/docker-snmp/start.sh
index 1d4c3b935a02..6de6f740b0ad 100755
--- a/dockers/docker-snmp/start.sh
+++ b/dockers/docker-snmp/start.sh
@@ -16,14 +16,11 @@ mkdir -p /etc/ssw /etc/snmp
 # Parse snmp.yml and insert the data in Config DB
 /usr/bin/snmp_yml_to_configdb.py
 
-ADD_PARAM=$(printf '%s {"NAMESPACE_COUNT":"%s"}' "-a" "$NAMESPACE_COUNT")
-
 SONIC_CFGGEN_ARGS=" \
     -d \
     -y /etc/sonic/sonic_version.yml \
     -t /usr/share/sonic/templates/sysDescription.j2,/etc/ssw/sysDescription \
     -t /usr/share/sonic/templates/snmpd.conf.j2,/etc/snmp/snmpd.conf \
-    $ADD_PARAM \
 "
 
 sonic-cfggen $SONIC_CFGGEN_ARGS
diff --git a/src/sonic-config-engine/minigraph.py b/src/sonic-config-engine/minigraph.py
index dfdb9406dd49..5746c4f733d3 100644
--- a/src/sonic-config-engine/minigraph.py
+++ b/src/sonic-config-engine/minigraph.py
@@ -16,6 +16,7 @@
 
 from portconfig import get_port_config, get_fabric_port_config, get_fabric_monitor_config
 from sonic_py_common.interface import backplane_prefix
+from sonic_py_common.multi_asic import is_multi_asic
 
 # TODO: Remove this once we no longer support Python 2
 if sys.version_info.major == 3:
@@ -1730,6 +1731,21 @@ def parse_xml(filename, platform=None, port_config_file=None, asic_name=None, hw
 
     results['MGMT_VRF_CONFIG'] = mvrf
 
+    # Update SNMP_AGENT_ADDRESS_CONFIG with Management IP and Loopback IP
+    # if available.
+    if not is_multi_asic() and asic_name is None:
+        results['SNMP_AGENT_ADDRESS_CONFIG'] = {}
+        port = '161'
+        for mgmt_intf in mgmt_intf.keys():
+            snmp_key = mgmt_intf[1].split('/')[0] + '|' + port + '|'
+            results['SNMP_AGENT_ADDRESS_CONFIG'][snmp_key] = {}
+        # Add Loopback IP as agent address for single asic
+        for loip in lo_intfs.keys():
+            snmp_key = loip[1].split('/')[0] + '|' + port + '|'
+            results['SNMP_AGENT_ADDRESS_CONFIG'][snmp_key] = {}
+    else:
+        results['SNMP_AGENT_ADDRESS_CONFIG'] = {}
+
     phyport_intfs = {}
     vlan_intfs = {}
     pc_intfs = {}
diff --git a/src/sonic-config-engine/tests/sample_graph.xml b/src/sonic-config-engine/tests/sample_graph.xml
index 478fdd5ba8d4..35247671fa24 100644
--- a/src/sonic-config-engine/tests/sample_graph.xml
+++ b/src/sonic-config-engine/tests/sample_graph.xml
@@ -63,6 +63,14 @@
           </a:Prefix>
           <a:PrefixStr>100.0.0.6/32</a:PrefixStr>
         </a:LoopbackIPInterface>
+        <a:LoopbackIPInterface>
+          <Name>HostIP</Name>
+          <AttachTo>Loopback1</AttachTo>
+          <a:Prefix xmlns:b="Microsoft.Search.Autopilot.NetMux">
+            <b:IPPrefix>100.0.0.7/32</b:IPPrefix>
+          </a:Prefix>
+          <a:PrefixStr>100.0.0.7/32</a:PrefixStr>
+        </a:LoopbackIPInterface>
       </LoopbackIPInterfaces>
       <ManagementIPInterfaces xmlns:a="http://schemas.datacontract.org/2004/07/Microsoft.Search.Autopilot.Evolution">
         <a:ManagementIPInterface>
diff --git a/src/sonic-config-engine/tests/test_cfggen.py b/src/sonic-config-engine/tests/test_cfggen.py
index 77c95c496795..b8480cf81fee 100644
--- a/src/sonic-config-engine/tests/test_cfggen.py
+++ b/src/sonic-config-engine/tests/test_cfggen.py
@@ -1145,4 +1145,9 @@ def test_minigraph_cisco_400g_to_100G_speed_no_lane_change(self):
             )
         )
 
-
+    def testsnmp_agent_address_config(self):
+        argument = ['-m', self.sample_graph, '-p', self.port_config, '-v', 'SNMP_AGENT_ADDRESS_CONFIG.keys()|list']
+        output = self.run_script(argument)
+        self.assertEqual(
+            utils.liststr_to_dict(output.strip()),
+            utils.liststr_to_dict("['192.168.200.15|161|', '100.0.0.6|161|', '100.0.0.7|161|']"))