The unusual seven-spired square chedi of Wat Chet Yot is a duplicate of the Mahabodi Temple in Buddhagaya, the site of the Budha enlightenment in northern India over 2,500 years ago. It was built in 1447 by Lanna architects on the order of King Tilokaraja.

The 8th World Sangkayana (Doctrines revision - 8th World Buddhist Council) was held in this temple at that time - attended by more than 100 monks from various countries.

Unfortunately, the temple was damaged in 1566 when the Burmese invaded Chiang Mai.