Setting value to poker chips, amount to use in Home game

Hi guys, my friend bought a chipset
http://www.argos.ie/webapp/wcs/store...++++++++++++++
It contains 600 chips. We usually play 5 people, so we have devided the chips like this :
White 10
Red 20
Blue 30
Green 50
Black 100
That way everyone gets 3300 poker chips. Now i wana buy a set of chips that has 1000 chips http://cgi.ebay.ie/1000-Poker-Chip-Set-11-5g-Number-Chips-New-In-Stock_W0QQitemZ380122747531QQcmdZViewItemQQptZUK_T oys_Casino_RL?hash=item588114d28b&_trksid=p3286.c0 .m14&_trkparms=65%3A12|66%3A2|39%3A1|72%3A1301|293 %3A1|294%3A50#ebayphotohosting

they have the values
White 1
Red 5
Green 25
Blue 50
Black 100 Printed on them.

My question is, how many poker chips do you guys use to play your home games, what values you set to them and would 1600 chips be too much to spread between 6-7 people in a home game ?

and also how often will you raise the blinds and what would they be ?
we raise the blinds every 40 minutes.. they go like this
10-20
20-40
30-60
40-80
50-100
60-120
80-160
100-200
150-300
200-400

All the info you will ever need is here

http://www.homepokertourney.com/

Your original breakdown is crap. As a general rule each chip should be at 4 or 5 times the next lower denom. Example: 5, 25, 100, 500. It makes little sense to have for example both a 25 an 50 chip because you can just use 2 25s instead of 1 50.

The link that Stu posted is an excellent resource and if you use it to plan your tournament needs correctly it will save you $$ when you make your chip purchase.

thanks a lot guys