This village has an interesting legend around it. It is said that the Tamil poetess Avvayar had visited this village and asked the villagers for water. The villagers refused to provide even water to her. She cursed this village that it should suffer from water scarcity.
Several centuries rolled by but still the village was always devoid of water and proper rains. In the meanwhile, the Vaishanava saint Sri Ramanuja appeared in the dream of the 6th pontiff of the reverred Ahobila Mutt and told him about an idol of Vishnu which was buried somewhere near Kanchipuram.
As instructed in the dream, the saint travelled to Kanchipuram and met the king there.When the saint asked for some land for the temple, the king was skeptical and granted the barren land of Neervalur(The name neervalur came to this place much later on) to the saint.
On reaching Neervalur, the saint understood the problems faced by the village. He prayed to his deity Lord Narasimha to bless the village. His prayers were answered with torrential rains which swept away years of draught.Sri Ramanuja appeared in the form of a snake and came to the saint. The saint followed the snake as it went. It just disappeared at a particular point. When the place was dug out idols of Lord Lakshmi Narayana along with his consorts were discovered. A temple was built in the same place by the saint,which is one described in this article.
The abundant rains resulted in a huge lake getting formed. Also the village got its name as Neervalur (Neer meaning water in Tamil). This huge lake is still there and is called as Jeeyar Kulam. Since it was Sri Ramanuja who instruted the Ahobila Mutt pontiff to this place, it is also called as Sri Bhashyapuram. ( Bashyakara is another name for Sri Ramanuja).The Ahobila Mutt Jeeyar also installed a small deity of Ugra Narasimha in the temple.
During the last century, efforts were made to construct a seperate shrine for Goddess Lakshmi in this temple. But the Lord appeared in the dream of the people in the village and told that he himself is LakshmiNarayanan and there is no need for a separate shrine for Lakshmi. After this incident, the locals abondoned their efforts for constructing a Shrine for Lakshmi.
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