Restrictions were imposed in Srinagar's Khanyar, Rainawari, Nowhatta, M.R. Gunj and Safa Kadal areas.
Police said the accused identified as 20-year-old Muhammad Aasif Wani was arrested.
Officials of the local wildlife department were called in who captured the reptile and relocated it to the Dachigam National Park outside the city.
Youths throw stones at forces outside Srinagar's Jama Masjid after Ramzan prayers, elders try to stop them
The forces then had to resort to firing tear gas shells and pellet guns to disperse the mob. Some of the stone pelters received pellet injuries.
Hundreds of vehicles were stranded on the nearly 300-km long highway on both sides of the landslide spot.
Illiyas Ahmed was posted with the special branch of the district police in Handwara of north Kashmir.
Police sources identified the two as Junaid Ahmad and Mushtaq Ahmad, both belonging to Wathoora village in Badgam district.
A Border Security Force trooper on Friday tried to commit suicide in Jammu and Kashmir's Srinagar district.
There has, however, been no official word so far from the I-T Department as to what led to to the raids in Srinagar or whether any incriminating evidence was recovered.
As the requirement of security forces is now reducing as they are de-inducted, the government has decided to partially relax the restriction
However, a massive landslide again hit the road on Thursday-Friday night at Monkey Morh, once again halting the movement of the traffic.
The bench of justices Ali Mohammad Magrey and Tashi Rabstan was hearing a bunch of petitions challenging the closure of the highway for civilian traffic on Sunday and Wednesday every week.
Miffed at it, Kashmiri pandits raised slogans against the administration and the Election Commission at several polling stations.
The Srinagar constituency comprising eight assembly segments recorded zero turnout in as many as 50 polling booths.
Public transport remained off the roads, but some private vehicles could be seen plying the roads in these areas, they said.