People of the village firmly believe in the fact that devotees who pray to the Lord here are actually bound to attain moksha. This is the place where Indradhyumna who transformed into an elephant whereas Gandhara transformed into a crocodile, after they both were cursed, it is here that they achieved moksha. Any sins that the devotees might have committed are believed to be cleansed. It is here that the Saints by the names of Brugu, Tambiraparani and the third, being, Markandeya took the blessings of the divine entity. A large number of elephants lived in this area, which can be seen even today in the jungle area of Mundanthurai. The fact that a saint by the name of Agasthya inhabited this place can be verified as the Agasthya falls of Papanasam can be found here. The architecture of the temple is in sync with the architecture of their time, also a number of epigraphs which justify the same, can be found here.He later became Gajendra Vardha, because he catered to the needs of Indradhyumna who transformed into an elephant, after he was cursed, by telling him that the Lord will retain his spot. In antiquity, the place was referred to as Yanai Katha Nallur which means that an elephant was absolved of its curse.

Every day, there are six rites that are performed. Also, there are four festivals that are celebrated annually at the shrine, the Gajendra Moksha Leela, which is one of them, is celebrated during the month of Aadi , according to the Tamilian calendar—it refers to the English months of July and August. Devotees pray to the Lord requesting him to banish obstacles from their lives, to bless them with a child, to help them achieve happiness and peace in their everyday lives; they ask Him to bless them so that they can do well academically and to help them to carry out businesses successfully.