Option 1: Noakhali Movement refers to the agitation by the Hindus against Muslim violence in the Noakhali district of Bengal during the Partition of India. It did not involve a peasant guerilla war.

Option 2: Tebhaga Movement was a movement in Bengal where peasants demanded two-thirds instead of half of the produce from the land they cultivated. Although it involved peasants, it did not result in a guerilla war.

Option 3: Punnapra-Vayalar Movement was a peasant uprising against the ruling state government in Kerala, India. It involved violent protests and clashes with the police, but it was not a guerilla war.

Option 4: Telangana Movement refers to the peasant guerilla war in the region of Telangana, where communist guerrillas fought against the oppressive feudal landlords and the Nizam`s government. This movement saw the biggest peasant guerilla war on the eve of independence.

Therefore, the correct answer is option 4.