A properly managed compost pile will have NO smell even when you are standing next to it.
It sounds like you are talking about something different than a compost pile though, maybe more like lasagna gardening. So the idea is after you bury your compostables and let them break down for a few months, you will plant in that area?
I'm not sure grass clippings and wood chips are a good mix. You have the idea of "greens" and "browns," nitrogen heavy and carbon heavy. But ideally you want greens and browns breaking down together. Your grass clippings will be breaking down by themselves and will be long gone before the wood chips start breaking down. I know you said "fine" wood chips, but really it would need to be more like saw dust.
Grass clippings and sawdust would work together, but still it is a very limited mix. Good compost that will feed your garden with everything it needs, is made from a variety of materials. As a rule of thumb we say no more than 10% of your pile should be any one ingredient. Yours sounds like it will be 50-50. What about all your kitchen scraps- left overs from cooking, left overs from your plates, stuff that stayed in the fridge too long? What about pulled weeds and garden trimmings, deadheaded flowers, etc? For browns along with the sawdust, you could use fall leaves when they are available, straw, shredded paper, etc