Many pilgrims come to Basara to perform the "Akshara abhyasam" ceremony for children before they start formal school education.  Due to the presence of Saraswati, Lakshmi and Kali idols, Basara is considered to be the abode of the divine trinity.Those who worship their ancestors on the banks of Arasalar, during the Tamil month of Thai receive the blessing of their elders. Issues faced in employment, business and career get simplified. The benefits also include matrimonial harmony. Couples with problems in their relationships tend to get united after worshiping here.Guru is linked to fortune, advantage and lot of money. The unfavourable place in the astrology can cause skin issues, joint disease, heart relevant issues, fear & discomfort. Guru blesses his enthusiasts with child, good knowledge, valour, extended life and treat from illnesses. According to legends, Shiva gifted a crystal Chandramouleeshwara Linga to Sri Adi Shankaracharya. The Linga can still be visited and the Chandramouleeshwara Puja is offered to the Linga every night at 8:30 PM. It is also believed that Goddess Sharadambika, an incarnation of Goddess Saraswati, came to Earth as Upaya Bharathi.

It is believed that Ottakoothan, an mortal, once sought the blessings of the Goddess Saraswathi and Lord Pillayar to grant him the gift of the ability to compose poems. He used bath in the river Harisol everyday and used to offer floral tributes to the Goddess. The goddess who was pleased with his devotion granted his wish, she came in a very beautiful boat in, in the form of a lovely woman and gave him the boon. Along with her, Goddesses Lakshmi and Parvathi too came by in this river and hence we can get the blessings of the basic grace of them all-Adhisakthi.During Jagadguru's fiftieth birthday, doors made of gold were installed and inaugurated at the entrance of the sanctum of the temple.

On Saraswati Puja and Vijayadasami, the idol is taken out for a procession on the swan. Particularly, devotees worship directly the beautifully decorated extended feet of the goddess on Saraswati Puja Day. On the eve of Vijaya Dasami, children begin by worshipping the goddess.Unique Darshans are organized on Thursdays as well as on the times of Jupiter's transportation to next Zodiac. Mashi Maham, (month of Aquaris between 12th of Feb and 14th of March) (Mashi Mah Gurvara dharshana ). 1008 Conch Abhisheka – Event (Reethathotsavam) on the Tenth day & Laksharachana during Jupiter transportation times are celebrated. Poojas performed at night are very popular in this holy place.Navaratri festival is celebrated every year for 11 days. The Shathachandi Homa is performed on Mahanavami. On the Chaitra Shukla Poornima, a special puja is offered in the Sri Sharada Shrine. On Vaisaka Krishna Prathipath Mahabhishekam and special puja is done for Sri Sharadambal. On Karthika Poornima, a Deepotsava is organised in the shrine. On the eve of Magha Shukla Panchami, Lalitha Panchami is celebrated with special Puja performed to Sri Sharadamba by the Jagadguru. On the Magha Krishna Dwithiya special Puja to Sri Sharadamba is performed by the Jagadguru. On the Magha Trithiya Sri Sharadamba Rathotsava is celebrated.