We can construct a right triangle with its each leg as 1 unit,then the hypotenuse would be √2 units,and then we can point √2 on the number line.
But √2 has a non-terminating and non-recurring decimal representation.We always approximate the value of √2 up to certain decimal places.
What is the need for approximation,as we already know the correct lenght of √2 on the number line.
So my question is -
√2 can be plotted on the number line, and we know its exact length So how √2 has a non-terminating decimal and non-recurring decimal representation,It must have have a fixed value ,as hypotenuse of the triangle has a fixed value.

You can approximate the square root of $2$ to arbitrary precision using a sufficiently precise straightedge and compass. (Also note, the precision can be attained by using larger materials rather than more exacting tiny measurements.)
This is not the same as achieving the exact value of the square root of $2$.
For practical purposes such as constructing a building, what's necessary is that your construction be precise enough to satisfy aesthetic qualities and architectural integrity, i.e., the walls of your building should meet at the corners and the building should stay up. Construction foremen have no professional interest in the exact decimal value of the square root of $2$, but they might be interested in more exact means of constructing a "perfect" right angle (for instance, using electronic equipment rather than the Egyptian method with rope—although that was itself pretty good).
For the puristic (read: abstract, theoretical) sake of math itself, irrational numbers are interesting.
Remember that although geometry gives an excellent model of the real world and the relationships of shapes, lines, distances, angles, it is just a model. In the real world, there are no lines without width; there are no precise 90 degree angles; etc.
Addendum: It's worth considering the fact that it's just as impossible to make a piece of wood whose length is an absolutely perfect double of the length of another piece of wood. In order to apply the abstraction of mathematics to the real world, it is necessary to have some concept of the scale at which you are dealing. The tool of "significant figures" is very useful in bridging the gap from abstraction to actuality. Not all decimal digits are important.
The fact remains that if multiplication is defined as a method of manipulating decimal numbers so as to get another decimal number, there is no decimal number which can be finitely expressed (terminating decimal) that can be multiplied by itself and result in exactly $2$.
If you define multiplication geometrically in some manner involving a unit length and construction of additional lengths via similar triangles, you can construct a length which is exactly between 1 and 2 multiplicatively. This is not a decimal expression of a number, though.