It is located quite near to the Keerthi Sthambam on the banks of river Periyar. The temple was built in the year 1910 by the 33rd swami of the Sringeri Ashram, Sachithanda Shivabhinava Narasimha Swamikal with the help of the Sree Moolam Thirunal. The Samadhi (tomb) of Shri Sankara's mother Aryamba and the Crocodile ghat where AdiSankara took his vows of renunciation is also seen here.