Chain Tree is a popular Ficus, which has many myths associated with it. According to one of the legends, the road up was built by a foreign engineer but the route was given to him by a local tribal youth who was shot to death by the engineer.
His spirit is said to have stuck to the tree causing many accidents on the hair pin curve. Another story says that when the British first came to Wayanad, the Adivasi Mahouts took them to the top the mountains. As the Portuguese were close behind them, they did not want the Mahouts to go back and get the Portuguese. Hence they killed the Mahout whose spirit lived in the area causing accidents. A local priest later chained the spirit to the tree with a chain over it.