Chawrasia, starting the day in T-33 after two rounds, had two birdies against one bogey over the first nine holes.
Coming back, he bogeyed 10th and 11th before making up a shot on 12th with a birdie. He then slipped sharply with double bogeys on par-15 and Par-4 18th to finish the back nine in five-over 41. He is now two-over 218 for the tournament.
Shubhankar Sharma had earlier missed the cut.
France's Guerrier, Dutchman Luiten and England's Southgate led the way at 12 under, with another Englishman in Chris Wood a shot off the lead and Spaniard Adrian Otaegui at 10-under.
It was a strong leaderboard for France with Alexander Levy at 9-under in sixth place, a shot clear of countryman Matthieu Pavon and England's Andrew Johnston, who were Tied-7th.
There was a five-way tie for the lead at one point on the back nine and with perfect conditions expected once again for the final day.
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