Lord of the Rings The Chronicles of Narnia Both excellent.
Yes, and no. The Hobbit tells the story of the finding of the ring; the Lord of the Rings tells what happens after. You can read The Hobbit first or not, whichever you prefer - there's a summary of The Hobbit at the beginning of most editions of the ...
They may have minor details in common, but really they are two different stories, yes they deal with a protagonist on a quest to Trump evil, and on the way there come upon self discover, but really so does every book in one way or another.