Saketkoria,
You should concentrate your efforts (and save some $) on a speaker system which is designed to be connected to a receiver. The Logitech Z5500 system seen
here is definately not in that category. It is for a computer system (fancy none the less). OK, it does have inputs for other things (i.e. Ipods, Xbox, Etc...) but it is a powered speaker system, meaning there is no reason or benefit to hooking up the digital output of a receiver to it. H/K digital output will not be processed through the receiver, it is a pass-through output. I own a avr247 and can confirm that fact.
First I would say: 1) let us know why you got a receiver, to be the source of a music/home theatre system or to take a source from a computer or from an Xbox/PS3/Etc. and power a speaker system with it.
2) we would like to know the size of the space the system will be in?
Your answers all depend on what you want to do with it. Please be as defined as possible, I don't want to see an answer like I want the bestest loudest deal out there in a big room. Either the dimensions of the room or volume will suffice.
If it is just speakers you are after, a good bet would be to look
here. It is a company called what else but: the speaker comapny. Do a search on the forums here and you'll find a few decent reviews, one is
here. Anyhow, they apprently offer a 5.1 system for as little as $200 and offer a no questions asked 30 day home audition period and even cover return shipping. Sounds like a good deal to me and I can be pretty sure that they will blow away the Logitech series. The Logitech Z5500 are nice computer speakers but you are talking a whole other realm when you put a real amplifier (in the H/K unit) behind a true speaker system. By true I mean these have a woofer and a tweeter and most Audioholics would agree that they can be considered more of a true speaker, a good foot in the door/starter system.
Let me know how things work out and please reply so we can assist further before you make a grave decision.
Oh yeah, Good Luck!