It may only be 100cm high...
Is there a development plan that specifies this, or is it only stated in the declaration of division?
...the areas ... may be paved within the framework of what is permissible under building regulations, in particular with slabs or paving stones.
This only refers to the surface design of the outdoor facilities and is irrelevant for your project.
I would therefore like to have stones with a height of 40 cm set directly on the 60 cm sidewalk lying under our property in order to then put up a 100 cm fence on top of it.
Then your enclosure would be 1.40 m high and at least according to the declaration of division not permissible.
Is something like that permissible under building law?
Enclosures are permitted up to 2.00 m according to the Hessian building code. I have not found a restriction like in NRW limiting it to 1.00 m on public traffic areas for Hesse. If there is no development plan or if it does not include any provisions, I see no building or planning law objection.
Is a wall made of stones an enclosure?
yes
Or a paving?
no
Is the 1m calculated from the property height or from the PATH?
If I understood you correctly, the terrain is modeled so that the height difference between the property and the fence is compensated by a slope. Accordingly, a fence erected at the foot of the slope on the property boundary would be 1.00 m high both towards the path and the property, since the higher level is only reached at a distance of 1.5 m.
I often read that properties may have a slight slope.
In what context do you read that? Building law, planning law, topographically, in the sense of "are allowed"?