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Petit larceny is the crime of theft of another's property or money under a statutorily defined value. For example, stealing a kitchen knife will only be petit larceny. Punishment for Petit larceny is less severe than grand larceny. The state is not required to prove the value of personal property to sustain a conviction for petit larceny. The state is only required to prove that the stolen goods are personal property of a character susceptible to ownership. Petit larceny is also known as petty larceny.