Step 1: Oxidation of primary alcohol.
The given compound contains a primary alcohol group.
In the presence of
\[
CrO_3/H_2SO_4,
\]
primary alcohol is oxidized to carboxylic acid.
Thus,
\[
RCH_2OH \rightarrow RCOOH
\]
Step 2: Formation of carboxylic acid.
The side chain attached to cyclohexane is converted into the corresponding carboxylic acid.
So, the intermediate formed is cyclohexyl propanoic acid.
Step 3: Reaction with \(Cl_2/\text{Red P}\).
Carboxylic acids having an \(\alpha\)-hydrogen undergo Hell-Volhard-Zelinsky reaction with
\[
Cl_2/\text{Red P}
\]
This introduces chlorine at the \(\alpha\)-carbon of the carboxylic acid.
Step 4: Hydrolysis step.
On hydrolysis,
\[
H_2O
\]
converts the intermediate acyl halide derivative back into the \(\alpha\)-chloro carboxylic acid.
Therefore, the major product is:
\[
\alpha\text{-chloro cyclohexyl propanoic acid}
\]
Step 5: Final conclusion.
Hence, the major product is option (4).
\[
\boxed{\text{\(\alpha\)-chloro cyclohexyl propanoic acid}}
\]