People believe that there was a person named Chandannath who hailed from Kashmir, had brought the statue of the Dattatreya (also known as Trimurti).
He kept the statue at the present location of the temple, prompting the construction during the Kallala Dynasty.
But one day, when it stood above the place where now the temple exists, milk began to drop from its teats.
People strongly believe that something wrong is going to happen if that lingo is broken during the change.
A large number of people are also seen in the temple on the occasion of Krishna Janmashtami, Maha Shivaratri and other major Hindu Festival.