Jeev was the highest-placed at tied seventh with even-par 213 after managing a couple of birdies against three bogeys in the penultimate round at the Club de Golf Valderrama.
Kolkata-pro Chowrasia was three strokes behind Jeev at tied 17th after pulling off three birdies, a couple of bogeys and a double bogey.
Kapur was further down at tied 38th after a round that comprised four birdies, three bogeys and a double bogey.
The Irish duo of Graeme McDowell (72) and Gareth Maybin (70) shared the lead with totals of six-under 207.