The history of S. M. Street dates back to time of the Zamorin when the ruler invited Gujarati sweetmeat makers to set up shop in the city and accommodated their shops just outside the palace walls.

In May 2017, as part of the first phase of the S. M. Street beautification project, an amount of Rs.

As part of the renovation, overhead power supply lines were removed and lamp posts were placed across the sides of the street.

[2] Chief Minister Pinarayi Vijayan formally opened the renovated S. M. Street on 23 December 2017.

[3] S. M. Street is the subject of the Kerala Sahitya Akademi Award-winning book Oru Theruvinte Katha by S. K. Pottekkatt.