I have a Force Vector $= 100N$, making an Angle $= 45$ degrees. When I find their Components trigonometrically, I get $70N$ each; as
$$F_x = 100\cos(45) = 70N$$ $$F_y = 100\sin(45) = 70N$$
Verifying the result, by Head-to-Tail method, I get $70N + 70N = 140N$.
Why is there descripancy or where am I making a mistake? Please help.

Pretending that $\frac 12\sqrt 2=0.7$, which is not correct, your force vector is $F=(70,70)$. You have resolved it correctly into $F_x=(70,0)$ and $F_y=(0,70)$. When you add these together you add the components and get back to $(70,70)$ as you should. The fact that the sum of the magnitudes is $140$ is not important.