Option 1 -> Sri Krishna Puram is not the renamed version of Port Blair, though it follows a similar naming pattern with "Sri" prefix.
Option 2 -> Sri Rama Puram is not the new name given to Port Blair by the Indian government.
Option 3 -> Sri Vijaya Puram is the new official name given to Port Blair, announced in September 2024.
Option 4 -> Sri Ashoka Puram is not the renamed version of Port Blair.
Hence, Option 3: Sri Vijaya Puram -> The Indian government renamed Port Blair to Sri Vijaya Puram in September 2024 to shed colonial legacy and honor the islands' historical significance. The name symbolizes the victory and rich cultural heritage of the Andaman and Nicobar Islands -> correct