Madayipara is significant owing to its biodiversity as well as history. Madayipara was the administrative center of the Ezhimala kings. In and around Madayipara, one can find remnants from the past. At the southern side of the hill, stand the remains of a fort called Pazhi Kotta (kotta means fort in Malayalam). Here one can also find watchtowers at the four corners of the fort. Between AD 14 and AD 18, Madayipara used to be the site for the coronation ceremony of the rulers of the princely state of Kolathunadu.
The hillock of Madayipara, which carries several signs of historic relevance, is also a place important from a religious point of view. Here, a pond in the shape of a hand held mirror, connected to ancient Jewish settlers, is another historic attraction. Similarly, a temple at this site, called Vadukunda Siva Temple, and the adjoining lake, about an acre in extent, form another attraction. The lake near the temple will not go dry even in hot summer months and remains a source of nourishment to life forms. The pooram festival of Madayi Kavu (kavu – family temples and those in the midst of thick vegetation) held at Madayipara has been responsible for much of its fame.