The Champakulam Boat Race is held in agreement to a legend which is firmly clung to by the general population of Kerala. As indicated by the legend, the lord of Chempakasseri in Devanarayana, affected by guidelines, gave to him by the illustrious minister raised a sanctuary in his kingdom. Be that as it may, just before the establishment, he was educated that the icon was not favorable. To offer some kind of reparation, the ruler brought the symbol of Sree Krishna from the Karikulam sanctuary in Kurichi, which legend guaranteed was given over to Arjuna by Lord Krishna himself.
It was amid this excursion that the lord made a stop over at Champakulam. The following morning saw a great many water crafts gathered at the site in an uproar of hues keeping in mind the end goal to respect the holy occasion and to escort the symbol home. It is this scene which is authorized in this piece of the world consistently and which is known as the Champakkulam Boat Race.