Hi Aman,
As hareesh mentioned above that if you are using more CCBPM scenario in your development then you need to install netweaver BPM as per the licensed provide by SAP.
You can go with SAP PI 7.4 dual stack incase if you are going to use BPM then you can install netweaver BPM along with dual stack.
Kindly go through the below blog to choose your installation options:
Migration from Double stack to Single stack Integration Scenerio :
Also go through the below discussion:
http://scn.sap.com/thread/3468258
Best Regards,
Monikandan.