Olalakovil is a panchayat village in Gobichettipalayam taluk in Erode District of Tamil Nadu state, India. It is about 33 km from Gobichettipalayam and 70 km from district headquarters Erode. The village is located on the road connecting Gobichettipalayam with Avinashi. Olalakovil has a population of about 4805.
Sri uthayagiri muthuvelayudha swamy temple located in Malayapalayam,olalakovil. Olalakovil is a panchayat which consist of villages listed below