This temple is associated with Shri Nathamuni, a predecessor of Sri Ramanuja in Sri Vaishnava sampradaya. Owing to the fact that he recovered the divine compositions of Azhwars, the 4000 Divya prabandham, Nathamuni is considered to be the first among the Acharya vamsa in Sri Vaishnava Sampradaya. It is believed that Nathamuni spent his last days in this area and that Sri Ranganatha gave Darshan to Nathamuni here before he attained Vaikunta Prapti.