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As per a Hindu legend, the sage Parashurama beheaded his mother, Renuka's head with an axe on the order of his dad, the colossal sage Jamadagni. And he attempted to wash the blood stains off the axe by plunging it in many rivers, yet a sesame-sized blood stain stayed on his axe, until he dunked his axe in the Tunga River close to Thirthahalli.
This place is presently called Parashurama Thirtha (or RamaThirtha) and is the birthplace of the name Thirthahalli . Close to RamaThirtha, there is a stone Mantapa called Rama Mantapa. This legend has made Thirthahalli a heavenly place for Hindus, who trust that dip in the river Tunga will cure one of all sins.