The story of "Chandrettan Evideya" revolves around Chandramohan (Dileep), who is a government servant and also an ardent classical dance follower, and his wife Sushama (Anushree). Chandramohan is well known among art followers as a good critic of classical dance. His reviews are often published in leading magazines. Considering his close association with beautiful dancers, his wife Sushama keeps close tabs on him by making phone calls every now and then. One fine day, they decide to go for a trip to Thanjavur where they meet an astrologer who tells them certain aspects of Chandramohan's previous life, which forms the crux of the story. Written by Vishnu Surendran

The basic story of the movie revolves around P.K. Jayan aka 'Vattu' Jayan (played by Indrajith) and Roy Joseph aka Che Guevera Roy (played by Murali Gopy). Vattu Jayan is a corrupt cop who manages his daily necessities through bribed money and does not touch his salary for anything. Che Guevara Roy is an ex-communist comrade who now teaches in a school with his wife.

Jeevan (Anoop Menon) is a still photographer by profession, who runs his studio in a village near to Idduki. One day, he accidentally meets a girl, Sarah (Bhavana), who is from a well respected family, and they fall in love. Sarah's Family oppose her relationship with Jeevan, and finally they decide to elope and go live in Mumbai. Things started to become worse when they start their new life in Mumbai; the clash of their egos is the main focus of the movie.