The key to making this decision is if you are going to run a cash game, tournament, or both.
If it is a cash game the buy in and blinds will determine what the values are. If the buy in is $10, then there is no reason to have a $100 chip. The small blind/ante should determine the smallest value of the chip. In my own home game, standard buy in is $25 and the blinds are .25/.50. We have one color for .25, one color for $1, one color for $5, and another for $25. In your case I would use white as the $1 chip for this scenario as it is the most common color.
If you are running a tournament then the values you stated would work depending upon the blinds. My buddy has a poker clock that does the math for you on how long you want it to last, how many people you have and what chips each person gets.
Often times my group will run a tourney, then go to a cash game. As players get knocked out they join the cash game. For this scenario it is imperative to have two distinct sets. My cash game set uses blue, white, red and gray. My tourney set uses orange, black, green, and pink. By having two different sets, it helps keep the books better organized. No one mistakenly bringing over a tourney chip to use in the cash game.
I prefer chips without value because you can define your own game and change as needed.