I need a hosting, I searched for it. But got confused should I go for cheaper price or less features?

Know your Requirements first (Refer: Features vs Requirements), then compare among the hosts which are near to your requirements. Then choose among these hosts a cheaper one. For the cheap price hosting its all depend on your requirements. Smaller the requirements a cheaper host can be get.

I searched on the net a lot for my hosting, got many hosts to see. Some of have much more features than others. As I saw more and more hosts, I was happy to have these features. Which host I should go for? Should I go for host with most features?

Features...you will find different hosts with many features. One, make up your mind your list, Yes the requirement list. Then go up for hosts search again and compare various hosts and choose the host that satisfies your most of the requirements and is good.

I am new to website designing and design only my personal sites. I want to host this personal site. Which hosting I should go for?
Welcome, to the world of hosting. You should either go for Free Hosting (many many are there on the web) or go for the Cheapest(Refer: Price vs Features). As, you don't have much requirements you can go for cheap host which has simple features and costs cheaper.

Is the Cheap Price Hosting means Hosting Price tending towards 0 units (in some currency). Its not only this...but also the features. What a webmaster needs is combination of Low Price and Rich Features that matches his needs. Lets take an example: Is a 10mb hosting space (with no tools and features) only for 100 units (in some currency) cheaper/costlier than 100mb hosting space for 1000 units(in some currency) (with many tools and features)???
Should I compare these?
The matter here is that the comparison is done between the same needs. Not many hosts will be giving exactly identical features. But to search for almost same features for your needs and comparing the prices is good step for finding Cheap Hosting.

The First Cheapest host I am listing is too cheap in price but rich in features. It offers various plans according to ones need (of price and features). On being cheaper it offers you monthly payment option and also discounts on annual purchase on the already cheap price. Further more, if you purchase it for 2 years...a further discount.
View this Cheap Web Host

Whats in ur Mind...
What are u searching for?
Do u know your requirements?
What are your requirements? How do I know my requirements?
Requirements:
Your Budget
Web Space Required
Monthly Bandwidth
Number of Sites to be Hosted
Number of Emails
Number of FTP Accounts
Number of Addon Domains
Number of Parked Domains...

Always keep in mind the cheapest may not be the best.
You need to look what are they offering?
Is it cheaper for you?
It may be possible it is costlier for someone.
Always check for the features and the Uptime etc.

Here at CWHL - Cheapest Web Hosting List... I will not list the Free Hosts...Look for them at: http://hosting.webpany.com
Here, I will list the cheap host with respect to their price that can be monthly or yearly. The list may not cover all the cheap web hosts, but those hosts about which I have come across.