The Samadhi of Channabasavanna, one of the most revered saints of the Lingayat faith lies here. In the 12th century, Channabasavanna traveled from Kalyana to Ulavi before he died. Originally a temple of the Chalukyas style, it has been renovated and colored. The pyre of the temple is adorned with statues of Shiva Sharanas (Devotees of Lord Shiva). A very famous Ulavi Jathre is held on Megha Purnima with great pomp. Free lunch and dinner is served to devotees every day.