What is the difference between grand larceny and petit larceny?
Larceny means stealing. Grand larceny is a felony and petit larceny is a misdemeanor. In Virginia, if the value of the item stolen is $200.00 or more, the offense is grand larceny. If the value of the item stolen is less than $200.00 the offense is petit larceny. Grand larceny is punishable by 1-20 years in prison, or, up to 12 months in jail and/or a fine up to $2500.00. Petit larceny is a Class 1 misdemeanor punishable by up to 12 months in jail and/or a fine of up to $2500.00.
