Offset should be auto volts. You dont set the volts on that on the Asus boards. Otherwise it'd be pointless because you could just set a lower or higher voltage instead of setting an artificially high or low voltage then adjusting it with offsets.
Offset mode lets the user have some control over the auto voltage, by setting the offset accordingly. That way, you can attain a reliable overclock, and have the chip down clock itself and use the idle voltage set on the mobo when it's not loaded 100%.
If you set a manual voltage to get a stable overclock, it'll use that voltage at idle and load, when it needs lot less volts at idle.
I dont know what your bios screen looks like because I have an Asus board, but you want to set either offset mode to on and the offset that it uses to nothing, or set the voltage to auto and offset to 0. That way you can see how much voltage the board thinks it needs for your overclock.
You also need to know how much voltage is required for the overclock to be stable. Most of the time on my asus board, the chip gets way too much volts from auto, so I set the offset to negative until it reaches what I know will be stable.