Get/Set Value of Color Picker from client side

kendoyui-colorpicker-getsetvalue.cshtml

<p>
    @(Html.Kendo().ColorPalette()
              .Name("color-chooser")
              .Palette(new string[] { "#ddd1c3", "#d2d2d2", 
                                      "#746153", "#3a4c8b", 
                                      "#ffcc33", "#fb455f", 
                                      "#ac120f" })
              .TileSize(30)                
     )
</p>
<script>
    $(document).ready(function () {
        var colorPicker = $("#color-chooser").data("kendoColorPalette");
        colorPicker.value("#ffcc33");
        var selectedColor = colorPicker.value();
    });
</script>