"Chavan was released from Jail Number 1 at 8:05 PM," Tihar Law officer Sunil Gupta told PTI.
Chavan had sought bail on the ground that his marriage is fixed for June 2, and if the wedding does not take place it will harm his reputation and that of his fiancee.
He was granted bail till June 6.
Chavan had to deposit two sureties of Rs 1 lakh each and a personal bond of Rs 1 lakh with the court before he was granted bail.
The cricketer was directed to surrender his passport and not to make any direct or indirect inducement to any person related to the case. He was arrested on May 16.