Chandrasekhar was a batsman who blasted a 56-ball century - the then fastest hundred in India's first-class competition in the Irani Cup tie against Rest of India after Tamil Nadu's victory in March 1988.
Chandrasekhar also served as a national selector after retirement and coached the Tamil Nadu team during the 2012-13 season. He was appointed team director of Chennai Super Kings at the start of the Indian Premier League (IPL) in 2008.
"Very shocking to hear VB Chandrashekhar Indian cricketer is no more.. very sad news .. very young to go.. rest in peace VB.. Big loss, condolences to the family," veteran spinner Harbhajan Singh tweeted.
"Shell shocked to hear of the demise of V B Chandrasekar sir. My deepest condolences to the family," India opener Abhinav Mukund tweeted.