How Can I Host Asp Site In Local IIS 7.0?

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.NET3.0

IIS7

C#

ASP

ASP.NET

.NET

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I have created one asp site.I want to host the site in my local IIS.Below are the steps i am following:
1. Publish the site
2. Open IIS 7.0.Right click new -> add web site
3. Selecting my published path.Then ok.

But when i try to browse am getting below error.

HTTP Error 500.19 - Internal Server Error<br />
The requested page cannot be accessed because the related configuration data for the page is invalid.

Config Source
   -1:
    0:

This error occurs when there is a problem reading the configuration file for the Web server or Web application. In some cases, the event logs may contain more information about what caused this error.

This is the first time am hosting in IIS. What could be the reason ? How to fix this?

Below is my webconfig file
<!--
For more information on how to configure your ASP.NET application, please visit
http://go.microsoft.com/fwlink/?LinkId=169433
-->

<configuration>
  <connectionstrings>
    <add name="ApplicationServices">
         connectionString="data source=.\SQLEXPRESS;Integrated Security=SSPI;AttachDBFilename=|DataDirectory|\aspnetdb.mdf;User Instance=true"
         providerName="System.Data.SqlClient" />
  </add></connectionstrings>

  <system.web>
    <compilation debug="true" targetframework="4.0" />


    <authentication mode="Forms">
      <forms loginUrl="~/Account/Login.aspx" timeout="2880" />
    </authentication>

    <membership>
      <providers>
        <clear />
        <add name="AspNetSqlMembershipProvider" type="System.Web.Security.SqlMembershipProvider" connectionstringname="ApplicationServices">
             enablePasswordRetrieval="false" enablePasswordReset="true" requiresQuestionAndAnswer="false" requiresUniqueEmail="false"
             maxInvalidPasswordAttempts="5" minRequiredPasswordLength="6" minRequiredNonalphanumericCharacters="0" passwordAttemptWindow="10"
             applicationName="/" />
      </add></providers>
    </membership>

    <profile>
      <providers>
        <clear />
        <add name="AspNetSqlProfileProvider" type="System.Web.Profile.SqlProfileProvider" connectionstringname="ApplicationServices" applicationname="/" />
      </providers>
    </profile>

    <rolemanager enabled="false">
      <providers>
        <clear />
        <add name="AspNetSqlRoleProvider" type="System.Web.Security.SqlRoleProvider" connectionstringname="ApplicationServices" applicationname="/" />
        <add name="AspNetWindowsTokenRoleProvider" type="System.Web.Security.WindowsTokenRoleProvider" applicationname="/" />
      </providers>
    </rolemanager>

  </system.web>

  <system.webserver>
     <modules runallmanagedmodulesforallrequests="true" />
  </system.webserver>
</configuration>

I didn't do any changes here.