The Karaikal float festival (Theppam or Theppotsavam) is celebrated in this temple tank.

The belief of the Karaikal people is if we bath once in this temple tank, all the bone related diseases and fractures will get cured.

The Chandra Theertham is cleaned for long time and the work got completed in the year 2010.

People of Karaikal and nearby towns gather in the Chandra Theertham during this festival.

[2] This Floating festival is celebrated either for the Nithyakalyana Perumal or Karaikal Kailasanathar.