Option 1: Godavari, Penner, Kaveri, Periyar

This arrangement starts with the Godavari river, then proceeds to the Penner river, followed by the Kaveri river, and finally ends with the Periyar river.

Option 2: Penner, Godavari, Periyar, Kaveri

This arrangement starts with the Penner river, then goes to the Godavari river, followed by the Periyar river, and ends with the Kaveri river. This is not the correct arrangement as it does not follow the order from north to south.

Option 3: Godavari, Kaveri, Penner, Periyar

This arrangement starts with the Godavari river, then proceeds to the Kaveri river, followed by the Penner river, and ends with the Periyar river. This is not the correct arrangement as it does not follow the order from north to south.

Option 4: Kaveri, Godavari, Periyar, Penner

This arrangement starts with the Kaveri river, then goes to the Godavari river, followed by the Periyar river, and ends with the Penner river.