At this budget AMD will better for you. In the middle level segment AMD offeres unmatched performance for the money.
Processor: Athlon II X4 620 2.6GHz @ 5.2k (Quad core, 2 MB L2 cache)
Motherboard: MSI 785GM-E51 @ 4.6k (AMD 785G chipset, AM3, DDR3 ram support)
Ram: Transcend 2GB DDR3 1333MHz RAM @ 2.6k
HDD: Seagate Barracuda 7200.12 500GB @ 2.5k
Monitor: BenQ G900WD 19" LCD Monitor @ 6.2k
Graphics card: Sapphire HD4870 1GB GDDR5 @ 10k (can also wait 4 Dx 1 card price to be reduced)
PSU: Cooler Master 500W ExP @ 2.9k
Cabinet: Zebronics Krish @ 1k
key/Mouse: any thing @ 0.4k
Total 35.4k. There is a high chance the street price will be lower for most of the components I've mentioned. So the total price will be almost 0.8 to 1k less the estimated.
But my suggestion is wait sometimes before getting The Graphics card. Then you can get the DirectX 11 cards in a reduced price.
Yeah i like your settings but as dx 11 cards are launched i will prefer a radeon 5750 or radeon 5770
AND WHAT about the ram should be
DDR2 2x2 gb kingston value.