The land of Kankol Alappadamba has got ancient history. The name Kankol-Alappadamba was originated from the great Yaga performed by Kapila Maharshi in this land. Kapila Maharshi selected "Kapilan Kovil" for his Yaga, which later on transformed into Kankol and north end of the Yaga-sala "Vadakke-Cheri" transformed into Vadassery; the place where people sat for the meal ("Unda Kovval") transformed into Kundayam Kovval; the place where cows were accommodated ("Aala") later on transformed into Alakkad; where the coal and ashes were deposited after the Yaga transformed into Karimkuzhi; where the important people were accommodated ("Mahadil") later on transformed into Mathil; where the "Kuri" was kept transformed into Kuruveli; where the tree "Alu" was planted transformed into Alappadamba and where the drinking water was stored and distributed ("Ettu Kudicha") later on transformed into Ettukudukka.

Kapila Maharshi went to Kottiyoor from Kankol. Even today, the "Pradhama Sthaneeyar" of Kottiyoor is from the Thekkedath Family of Kankol.

The life style of the people of Kankol-Alappadamba was mainly influenced by agricultural and related products. The well known landlords of this area were Thazakkattumana, Vengayil Nayanar, Manippuzha Illam, Alappadamba Thekke Madam, Marangattillam etc. Also Kankol, Someswari, Deviyottu, Melukulangara, and Kuruveli Devaswams were owners of land. Under the reign of Chirakkal Thampuran, these areas were part of Payyanur.