The town is home to about 14562 people, among them 7291 (50%) are male and 7271 (50%) are female. 79% of the whole population are from general caste, 8% are from schedule caste and 13% are schedule tribes. Child (aged under 6 years) population of Panyam village is 12%, among them 51% are boys and 49% are girls. There are 3452 households in the village and an average 4 persons live in every family.
Panyam is famous for its horticulture produce. It is one of the hubs for horticultural studies in Madras Presidency during the rule of British India. According to the Madras Presidency Department of Agriculture, P.V.Madhava Rao & Son's Nursery is the only nursery present in the Panyam during the British Raj times. British officials were particularly impressed with the horticultural practices obtained in Messrs. P. V. Madhavarao and Sons gardens in Panyam and appreciated the proprietor and said that they learnt much from the proprietor of the garden. The proprietor of the garden Raja P. V. Madhava Rao used to teach the courses on horticulture techniques and at the end of the course, theoretical and practical examinations were conducted.[3][4] P. V. Madhava Rao's first son P. V. Krishna Rao was the first and his third son P. V. Ranganatha Rao was the second President of Panyam Panchayati raj who played a crucial role in the development of the village.[5]
Panikeshwara Swamy temple, a temple dedicated to Shiva is one of the oldest temples in Panyam. The origin of the temple dates back to Chalukya times. In a survey conducted in October 1973 they found that the temple is of the Western Chalukya architecture.[7]
^Madras (Presidency) Department of Agriculture (1950). Reports on the Work of the Agricultural Stations in the Madras Presidency for. Superintendent, Government Press. p. 91.
^Gurcharan Singh Randhawa (1973). Ornamental horticulture in India. Today & Tomorrow's Printers & Publishers. p. 137.
^The Andhra Pradesh Gazette, Part 2; Part 5. Andhra Pradesh State Government (India). 1962. p. 1416.
^Māgaṇṭi Bāpinīḍu. Is it Indian?: India and Madras Presidency at a Glance. Madras Industries Association. p. 10.