The correct option outlines the conditions necessary for a satellite to be classified as having a geostationary orbit. A geostationary orbit is indeed geosynchronous, meaning it matches the Earth's rotational period, is circular for stable operation, and lies in the plane of the Earth's equator to maintain a fixed position relative to the Earth's surface. While it is true that geostationary orbits are typically located at an altitude of approximately 22,236 km, this altitude itself is not a condition defining the nature of the orbit; rather, it's a consequence of the other requirements. Therefore, selecting options 1, 2, and 3 captures the essence of a geostationary orbit while excluding the altitude specification, which is not a defining characteristic.