This temple is one of the 7 shrines associated with Saptamartrikas (seven female deities in Siva temple). The lord of this temple Shiva as Chakravageswarar. The temple has been revered by the verses of Campantar, one of the Nayanmars. The Chakra (wheel) held by Lord Vishnu has been acquired here as per saivite tradition. The name of the village is derived from the temple.