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The championship, which will offer a prize money of $2.5 million, will be held between November 20 and December 15.
Gukesh walked out at around 3 am and he was immediately flanked by the jubilant crowd. In no time, he had garlands around his neck even as the police jostled to escort him out safely.
Several Grandmasters have come out of Velammal Institutions since 2005.
The Chennai-based teen bettered Gary Kasparov's record by quite a distance.
Last year, he won a silver medal at the Hangzhou Asian Games.
The 17-year-old from Chennai is on the cusp of becoming the youngest ever World Championship contender.