A video of Vasan being thrown off the bike and falling on the bushes has been shared widely on social media. He lost control of the two-wheeler while attempting to do a wheelie.
Vasan and his friends were on a trip to Maharashtra on Sunday.
The accident happened near Baluchetty Chatram in Kancheepuram district.
Police booked him on charges of rash driving and attempt to commit culpable homicide.
Last year, he was arrested in Coimbatore for rash driving.