The actress' father died at the Kokilaben Dhirubhai Ambani hospital, Priyanka's manager told PTI.
Priyanka had posted a collage of her and her father's picture on Twitter this morning.
Dr Chopra, 62, a physician in the Indian Army, was ill for a longtime.
He had accompanied Priyanka to Vancouver for the TOIFA Awards earlier this year despite his ill health. Priyanka, who won the best actress award there for her role in 'Barfi!', dedicated the trophy to her father.
The actress, who inherited the love for music from her father, was very close to Dr Chopra and even has a tattoo 'Daddy's lil girl' inked on her wrist.
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Asha Bhosle, Bipasha Basu, Prabhudeva, Kunal Kohli and other members of the film fraternity took to micro-blogging site Twitter to express their condolences to the 30-year-old actress.
"Deepest condolences to Priyanka Chopraji and family on the passing away of her father. He loved his music, country and family," Bhosle posted on Twitter.
Bipasha, who once worked with Priyanka, posted, "Strength to you Priyanka Chopra and your family."
"RIP Dr Chopra. Condolences to Priyanka Chopra. Had a great love for music. Met him in Vancouver last, amazing zest for life," posted Kohli.
"Oh No!!! Priyanka Chopra may God give you strength. Lots of love. May his soul rest in peace," posted Anubhav Sinha.