Dedicate to Lord Siva and his consort Visalakshi (another name for Parvati), it dates back to early fifteenth century.

This inscription records some endowments made by one Ittikombi Achan, member of the royal family of Palakkad in Malayalam Era 600 [1424–25 AD].

The villagers, however, claim that the temple was consecrated at the instance of one Lakshmi Ammal, a Brahmin wife of Venkitanarayanaiyer of Kollengode.

Villagers believe that she approached the then Raja (Prince) of Palakkad with this request, who had readily agreed and constructed the temple.

According to depositions by Sri Somasundara Kurukkal, it is believed that the Prince who Lakshmi Ammal approached was Ittilkombi Achan.

Sri Somasundara Kurukkal has also confirmed that the Prince had entrusted the management of the temple to his descendants belonging to the Valia Konikkal Madom.

The lands set apart for this temple came to be made inam or revenue-free by him and this was allowed to be continued as revenue free by the subsequent rulers, Tipu Sultan and later by the British Government.

Even today the management of the temple continues to be in the hands of the Trustee, a descendant of the erstwhile princely family.

It is clear from this that the Brahmin houses in the four agraharams were in existence on the date of the gift mentioned in the stone inscription.

Close to the stone slab is the Bhadralingam and in front of it the Gnana Nandikeswarar, facing Sri Viswanathaswamy.

According to sastras, renovation and Kumbhabhishekham of temples are to be conducted once in twelve years in order to enhance the divine power of the Lord.

Now some serious efforts are on to undertake the work of Jeernodharanam to be followed by Maha Kumbhabhishekam ritual in order to enhance the divine power of the Lord.

Sri K. Krishnan Embrandiri, Charactered Engineer and a renowned Temple Architect well-versed in vasthu shastras, was entrusted with the work of preparing the Renovation Project.

The Department of Tourism of the Kerala Government recently launched a Heritage Protection project at Kalpathy to preserve not only this magnificent temple, but also the Brahmin agraharams around it.