Eco-friendly and beneficial nature algae make it prominent in our earth as well as for human life. In recent decades, microalgal applications is sought in varied fields from the remediation of wastes to the production of pharmaceutical products. Still, more extensive research on bioprospecting should to conducted to get the genus-specific or species-specific applications of microalgae with high efficiency. This inquiry was carried out (October 2021 to September 2022) for the effectual understanding of microalgal composition structure along with seasonal physicochemical variations in the age-old holy tank at Tiruvallur, southeast India. This inquiry also acts as the source data and makes the bioprospecting process easier. It also ignites the researchers to address the microalgae seasonal composition structure of peculiar wet environments. A total of 41 microalgae species were recorded, in which six major algal groups were in order of, Chlorophyceae > Bacillariophyceae > Cyanophyceae > Euglenophyceae > Zygnematophyceae > Trebouxiophyceae. Mean seasonal abundance was highest in the summer season (351 cells/L) and lowest in the monsoon (113 cells/L). One-way ANOVA showed seasonal variations of physicochemical parameters, in which the majority of them attained their peak during summer. Mean values of water temperature, pH, salinity, total dissolved solids, total solids, electrical conductivity, chemical oxygen demand, total hardness, total alkalinity, ammonia, nitrite-nitrogen, and nitrate-nitrogen for the summer were 31.43 °C, 8.53, 0.56 ppt, 383 mg/L, 525 mg/L, 0.85 mS/cm, 46.27 mg/L, 300 ppm, 251.67 ppm, 1.51 mg/L, 0.62 mg/L, and 0.70 mg/L, respectively. Karl Pearson's correlation revealed a most significant relationship between water quality factors and algal density. The Shannon's diversity index (2.78-3.39) indicated moderately rich microalgal diversity in the study area. Palmer's pollution index stated that the temple tank was organically polluted all over the study period except November.