If the value of the items stolen is less than $200 then it is considered petit larceny or a misdemeanor. A petit larceny charge carries a maximum penalty of up to 12 months in jail and/or a $2,500 fine.
Petit larceny is a Class 1 misdemeanor offense which means that the potential penalties are up to 12 months in jail and/or $2500 fine. There is also a felony in Virginia called petit larceny third, which means that if a person has two prior convictions for larceny offenses then the third conviction, even if the value of the stolen item is less less than $200, can be charged as a felony and that would be a Class 6 felony with penalties up to five years in prison.