In Newari, Chyasaw means 800. The name of the tole derives from the fact that at one time 800 families of
Byanjankar, (vender)
Kumhales (potters) and
Shakyas (merchants) lived here. These groups lived in separately defined areas within the tole. The stone spout (
hiti) to the south is still in use. But only for those of certain castes. The other hiti (
Narayanhiti) contains an image of Gajalakshmi, which is dated around the 1st century, one of the
oldest shrines in Nepal.