Yes, that's stupid hot even at overclocked speeds. I see a partially obstructed radiator which may account for a few degrees but not the excessive temp you state. The pump could be failing or not mounted properly, low-grade and misapplied thermal compound and/or very poor case airflow. Personally I'd mount the radiator in the top of the case with Silverstone FM121 fans (my standard liquid cooling setup) and use Gelid Extreme thermal paste. I've had my 3770K @4.94GHZ and the temp was 58 degrees C under full load. Remount the radiator, make sure the pump is properly mounted with good thermal paste and use good fans on the radiator.