One important component in determining toll road charges in Indonesia is value of time. This paper is focused on the derivation of value of time savings for toll road users from stated preference data. Route choice and SP surveys were conducted during one week commencing on July 21, 1999, at several places located along the Cawang-Grogol corridor of Jakarta intra-urban toll road and respondents are limited only to the private car users. The route choice survey shows that most respondents selected the toll road for reasons of shorter time and unobstructed traffic flow. Two SP rating questionnaires were tested. One is related to a purely hypothetical choice with travel time attributes consisting free move and delay time. The other was designed such that the choice was confronted with users' current experience choice condition. It was found that in a particular level of toll/time trade-off, respondents tend to consider the value of money as the main reason in their decision, then followed by time or even they do not consider the time at all. SP data analysis for deriving urban toll road users' value of time is also reported.