This temple was constructed by Chalukya’s around 14^th century. This temple is situated in PALYA village of Alur taluk, about 20 KM from Hassan. This place was earlier taluk head quarters and people of all the religion were living in harmony during "PALEGAR"’s period. There is a belief that ‘Lakshmi Janardhana’ idol was came into existence during "palegar’s" rule and this temple probably might have built by them. The Lakshmi Janardhana swamy’s idol is made out of single black stone carving of 4.5 feet height and has resemblance of "Bramha" "Vishnu" & "Maheshwara". This temple is also known as "Dakshina Gaya". There are two small water streams on both sides of the temple namely "Shanka Theertha" and "Chakra Theertha". There is a local belief about this temple, is that the childless couples get children by worshipping at this temple.

The temple roof is of "Chalukya" style, and also has "Anjaneeya swamy" temple, "Lakshmi Devi" temple, "Venugopal swamy" temple around the main temple. The car festival is held during April/May each year. The temple is ancient with a lot of inscriptions that have to be deciphered.