In this paper we prove that if $G(R)=G_\pi (\Phi,R)$ $(E(R)=E_{\pi}(\Phi, R))$ is an (elementary) Chevalley group of rank $> 1$, $R$ is a local ring (with $\frac{1}{2}$ for the root systems ${\mathbf A}_2, {\mathbf B}_l, {\mathbf C}l, {\mathbf F}4, {\mathbf G}2$ and with $\frac{1}{3}$ for ${\mathbf G}{2})$, then the group $G(R)$ (or $(E(R)$) is regularly bi-interpretable with the ring~$R$.As a consequence of this theorem, we show that the class of all Chevalley groups over local rings (with the listed restrictions) is elementary definable, i.,e., if for an arbitrary group~$H$ we have $H\equiv G\pi(\Phi, R)$, than there exists a ring $R'\equiv R$ such that $H\cong G\pi(\Phi,R')$.