which type of IP we can give to our home pc?

Answer Posted / prashantha.h

An IP address is considered private if the IP number falls
within one of the IP address ranges reserved for private
uses by Internet standards groups. These private IP address
ranges exist:
10.0.0.0 through 10.255.255.255
169.254.0.0 through 169.254.255.255 (APIPA only)
172.16.0.0 through 172.31.255.255
192.168.0.0 through 192.168.255.255
Private IP addresses are typically used on local networks
including home, school and business LANs including airports
and hotels.

Devices with private IP addresses cannot connect directly
to the Internet. Likewise, computers outside the local
network cannot connect directly to a device with a private
IP. Instead, access to such devices must be brokered by a
router or similar device that supports Network Address
Translation (NAT). NAT hides the private IP numbers but can
selectively transfer messages to these devices, affording a
layer of security to the local network.

Standards groups created private IP addressing to prevent a
shortage of public IP addresses available to Internet
service providers and subscribers.

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