The history of Karkotaka Temple is deeply intertwined with local folklore and beliefs surrounding Naga worship. Karkotaka Naga is believed to be a powerful snake deity, and the temple has been a center for his veneration for generations. While precise historical records are scarce, the temple's significance is passed down through oral traditions and local customs. The temple's existence reflects the ancient Naga culture prevalent in the Himalayan region. It's believed that offering prayers at this temple can alleviate snake-related problems and bring prosperity. The temple has undergone renovations over the years, but its core spiritual essence remains unchanged, continuing to be a sacred space for devotees.