There have been many mentions of nagas in the Hindu scriptures, with powerful nagas like Vasuki, Sesha, and Manasa nagas being heralded for their many feats. The temple pays respect to them, and marks their importance in the Indian culture as well as the Hindu mythology.

The celebration and veneration of nagas in the temple is simply incredible. Nagas have been closely involved with the Hindu gods over the years and have served them on numerous occasions. Shesha Naga is said to possess a 100 heads and balances the very world on himself, his coil serving as the bed for Lord Vishnu. Similarly, Vasuki Naga aided the god when the very seas needed to be churned, and offered himself to be used as a giant rope that could wrap itself around the behemoth mountains so that the gods and the demons could extract the riches hidden beneath the seas. According to Hindu mythology, nagas are different from regular snakes. They possess the ability to don human form, and are believed to be highly inquisitive in nature. They are also held as the protectors of treasures, as well as the nature, and there are many stories where nagas strike back against humans when the latter disturb the balance of the nature. Due to the fact that the temple pays tribute to the king of the nagas, it is said that poisonous snakes do not bite humans when they are near the temple. In the past years, the city has not seen even a single death from snake bite, and this holds true for an area of 5 km surrounding the temple.

Nagapanchami. The annual Hindu festival where nagas are offered milk and worshipped all over the country holds special significance for this temple. On the day of Nagapanchami, the Nagaraja Temple sees a heavy crowd of devout Hindus, a number of them being Shiva devotees, who come to worship nagas, who were close to Lord Shiva.