AVR or don't?

A surge protector is all you should need to protect your equipment. (other cases may vary)

At minimum you should run any expensive electronics behind a surge protector. Especially if you have a good bit of lightning in your area.

The next step up is an AVR. Nice to have if you have a lot of brownouts. This is actually the most protection that you need for a PC. Make sure the AVR comes with a surge protector built in.

A UPS is not needed to protect your equipment, but it is nice if you do work and don't want to risk losing whatever you were working on. It isn't needed if you only game and browse the web. A good UPS has a AVR and surge protector built in.

An ATX PSU at most could have AVR and surge protection. However, I'd still put it behind a surge protector because those are built to fail (it is how they work). I'd rather replace a cheap surge protector than my PSU. Since you run on 220 and this PSU can handle down to 115 I would imagine that brownouts will not phase this PSU. Power in the US can drop to 100V or less during a brownout. I have an UPS with AVR on my PC since I was in college at the time and it will up the voltage from as low as 88V back up to 120V.