The photo prints are faulty and not in colour they are black and yellow like a sepia but not right

Two possibilities come to mind:

1. There is a function in many printers that lets you print in the single colour of your choice. Check every tab and every "advanced..." dialog box you get when you are about to print. Then go to the printer's properties in the control panel and check whether there's anything like that
   
2. Many printers let you print black with black ink, OR alternatively make black by mixing the other three colours CMY. Look for that setting in the same places and deactivate it

hi, when you are on printing preference, go to colour click print on grayscale click on the drop down arrow that has high quality and click on black ink only

Seems like you have a clogged cartridge or you are about out of ink. Try going down to your local Walmart/Office depot/ Target and get a replacement.

Your printer uses the following cartridges:

HP 74 - Black ink
HP 75 - Cyan, Magenta, and Yellow ink
HP 99 - Photo Black, Light Cyan, and Light Magenta

You need Photo Black, Cyan, Magenta, Yellow, Light Cyan, and Light Magenta to print photos. To accomplish this you install the HP 99 photo cartridge where your HP 74 black cartridge usually goes and you keep the HP 75 color cartridge where it's at. I don't know why your printer told you to remove both cartridges, then reinstall the HP 75 color cartridge.

just chk the properties or the colour cobinations if you choose text for printing out than it will only print text and if it is too dark red that means it is connected with some wrong colour wire

For the black and white issue, check the settings and make sure that it isn't set on "sepia". As for the color issue, it is quite possible that you are out of ink. Printers may use more of one color than another depending on what you're printing. Change your color cartridge.

remove printer driver. and reinstall its driver.

If you have a monochrome option, I would use that.
I'm guessing that your old black and white photo's (which I'm thinking you scanned in may have a sepia tinge which the printer is emphasizing, and if you only want black/white prints, no need to print with colour.

You need a photo editor program that supports tranformation into sepia.

The easiest free way is to download Picasa 2
(Google Photo Manager)
http://picasa.google.com/

Once loaded you can autoscan you computer for photos....
Its a great manager....

Select the photo
Select the Effects button
Select Sepia

and Print....That Easy...

The paper you print on is not relevant. What happens is the green tint is the actual printer delivering all the colours to give a 'composite' black. On shiny photo paper this is emphasized where as on plain paper the colour is absorbed and shows as intended. So what can you do? Move away from black and go for a tint such as sepia.