Using the standard parametrization of the dipole form, we have studied the vulnerability of \(Q^2\) on the vector form factors ( \(f_i^{B_iB_f}(Q^2)\) ) and axial-vector form factors ( \(g_i^{B_iB_f}(Q^2)\) ), \(i=1,2,3\) computed for the semileptonic \(B_i \rightarrow B_f l \bar{\nu }\) decays for hyperons in the framework of chiral constituent quark model ( \(\chi\) CQM). Both, strangeness changing as well as strangeness conserving decays have been examined. We also present the dependence of the ratio of hyperon semileptonic decay constants \(g_1(Q^2)/f_1(Q^2)\) for these decays. Further, we calculate the CKM matrix elements \(V_{ud}\) from strangeness conserving and \(V_{us}\) from strangeness changing hyperon decays.