The vector and axial-vector nucleon form factors ($G^{p,n}_{E,M}(Q^2)$ and $G^{p,n}_{A}(Q^2)$) using the spin observables in the chiral constituent quark model ($\chi$CQM) have been evaluated in light of the improved precision of the experimental measurements and enormous theoretical progress to understand the dynamical behavior of nucleons emerging from the theory of strong interactions between quarks. The $Q^2$ dependence of the vector and axial-vector form factors of the nucleon has been studied using the conventional dipole form of parametrization.