The present research works explore the constructs contributing to the values of education in the Indian educational framework and make an effort to understand its perception among the stakeholders. We have made a scientific effort to explore various dimensions of value education constructs from available literature and shaped those constructs on the perceptual mapping framework that have created its positions on the graphic dimension of the frame. It explains how the value education contributes to shaping the mindset and personality amongst the students. We have developed a value education index on the identified constructs that shows the relative weights on each identified construct. The constructs identified as family cohesion, parent conflicts, parents expatiation, teachers' role, school administration, mass media and internet, social orientation, community structure, religious education, and public institution. Value education contributes to shaping the positive thought process among the students in their adolescent age it carries out lifelong. The mental growths of the students grasp both the positive and negative aspects of the thought along with the growing age. The thought once acquired in personality the perception develops as per thought process and the individual carries lifelong irrespective of social norms, culture or symbols. The value education sideline most of the ill-thought and inherit socially accepted norms and the stakeholder's practices boldly irrespective of other greed, wrong and unsocial behaviors thus perform productive column at the workplace, in family and finally in the society. Value education shares all-around development mental, moral, spiritual, and behavioral. Since formal education is an instrument for social, economic, and cultural adaptability hence there is an intense need of instilling value education parallel to formal education. In the same way, professional education instills skills and techniques; there seems a requirement of value education frame which can be an unified model. Formal education and professional education undoubtedly contributes to earning a livelihood but value education directs how fairly earn the livelihood and develop thought process how to contribute to the society and the nation at large. Society is also suffering from a number of ill-treatment to adolescents, girl child, old aged persons, least concerns to family members, corruption in personal and professional life, accumulation of wealth unfairly, fraudulent activities, criminal mindset, molestation to women, etc. and hence the need of instilling the values and ethics in the brains of the college-going students felt by the responsible citizens and the researchers in the domain of education. The value education undoubtedly as we presume, shall contribute in establishing our aged-old tradition viz. the state of unity, civic efficiency, aesthetic sensibility, peace and harmony, and building the impressive character. The hurdle to achieving the goal of education is the degradation of values in the current social scenario. The social values and ethics are degrading, human behavior changing as per the situation, preferences of individuals acquire certain definiteness, intensity, and stability, and these become the criteria for judgment, choice, action, and ground for decision making in day to day life. Personal interest aggregates over public interest, which had been observed through corruptions the collapse of national economies institutions and corporate. Highly educated/ professionally educated individuals find out loopholes in the set norms and do undesired activities just to have the satisfaction of having the wealth and the power of wealth. It is seen in the context of the absence of such human values as honesty, integrity, and a sense of justice that strike shattering blows, even at hardcore professional business organizations. The inculcation of values (human and ethical) in school going children are more effective and long-lasting as compare to that university going students and adults. These individuals show transparency in their personal and professional dealings if they develop and practice values at the initial stage. Hence value-based education for