Pricing cloud computing has always been a big challenge not only to many Cloud Service Providers (CSPs) but also to many cloud consumers because of the exponential growth of new service features or characteristics appear almost daily. However, pricing of cloud services is a challenging task due to its services complexity and dynamic nature of the ever-changing environment. In this project, we propose a solution based on value-based pricing, which does not only consider how much does the service cost to a CSP but also how much a customer is willing to pay for the service. We demonstrate that the cloud extrinsic values would not only become one of the competitive advantages for CSPs to lead the cloud market but also increase the profit margin.