Thank you for the reply ,
I installed v4l-utils as given in the Jetson Nano FAQ
and after running
v4l2-ctl -d /dev/video0 --list-formats-ext
I got the below output

and when I ran
$ gst-launch-1.0 v4l2src device=/dev/video0 ! video/x-raw,format=YUY2,width=640,height=480,framerate=30/1 ! nvvidconv ! 'video/x-raw(memory:NVMM),format=NV12' ! nvoverlaysink
I got error , I am pasting the log below
gautham@gautham-desktop:~$ ls /dev/video*
/dev/video0
gautham@gautham-desktop:~$ sudo apt install v4l-utils
[sudo] password for gautham:
Reading package lists... Done
Building dependency tree
Reading state information... Done
v4l-utils is already the newest version (1.14.2-1).
The following packages were automatically installed and are no longer required:
apt-clone archdetect-deb bogl-bterm busybox-static cryptsetup-bin
dpkg-repack gir1.2-timezonemap-1.0 gir1.2-xkl-1.0 grub-common
kde-window-manager kinit kio kpackagetool5 kwayland-data kwin-common
kwin-data kwin-x11 libdebian-installer4 libkdecorations2-5v5
libkdecorations2private5v5 libkf5activities5 libkf5attica5
libkf5completion-data libkf5completion5 libkf5declarative-data
libkf5declarative5 libkf5doctools5 libkf5globalaccel-data
libkf5globalaccel5 libkf5globalaccelprivate5 libkf5idletime5
libkf5jobwidgets-data libkf5jobwidgets5 libkf5kcmutils-data
libkf5kcmutils5 libkf5kiocore5 libkf5kiontlm5 libkf5kiowidgets5
libkf5newstuff-data libkf5newstuff5 libkf5newstuffcore5
libkf5package-data libkf5package5 libkf5plasma5 libkf5quickaddons5
libkf5solid5 libkf5solid5-data libkf5sonnet5-data libkf5sonnetcore5
libkf5sonnetui5 libkf5textwidgets-data libkf5textwidgets5
libkf5waylandclient5 libkf5waylandserver5 libkf5xmlgui-bin
libkf5xmlgui-data libkf5xmlgui5 libkscreenlocker5
libkwin4-effect-builtins1 libkwineffects11 libkwinglutils11
libkwinxrenderutils11 libqgsttools-p1 libqt5designer5 libqt5help5
libqt5multimedia5 libqt5multimedia5-plugins libqt5multimediaquick-p5
libqt5multimediawidgets5 libqt5quickwidgets5 libxcb-composite0
libxcb-cursor0 libxcb-damage0 os-prober python3-dbus.mainloop.pyqt5
python3-icu python3-pam python3-pyqt5 python3-pyqt5.qtsvg
python3-pyqt5.qtwebkit python3-sip
qml-module-org-kde-kquickcontrolsaddons qml-module-qtmultimedia
qml-module-qtquick2 rdate tasksel tasksel-data
Use 'sudo apt autoremove' to remove them.
0 upgraded, 0 newly installed, 0 to remove and 86 not upgraded.
gautham@gautham-desktop:~$ gst-launch-1.0 v4l2src device=/dev/video0 ! video/x-raw,format=YUY2,width=640,height=480,framerate=30/1 ! nvvidconv ! 'video/x-raw(memory:NVMM),format=NV12' ! nvoverlaysink
Setting pipeline to PAUSED ...
Pipeline is live and does not need PREROLL ...
ERROR: from element /GstPipeline:pipeline0/GstV4l2Src:v4l2src0: Internal data stream error.
Additional debug info:
gstbasesrc.c(3055): gst_base_src_loop (): /GstPipeline:pipeline0/GstV4l2Src:v4l2src0:
streaming stopped, reason not-negotiated (-4)
ERROR: pipeline doesn't want to preroll.
Setting pipeline to PAUSED ...
Setting pipeline to READY ...
Setting pipeline to NULL ...
Freeing pipeline ...
gautham@gautham-desktop:~$ $ gst-launch-1.0 nvv4l2camerasrc device=/dev/video0 ! video/x-raw(memory:NVMM),format=UYVY,width=640,height=480,framerate=30/1 ! nvvidconv ! 'video/x-raw(memory:NVMM),format=NV12' ! nvoverlaysink
bash: syntax error near unexpected token `('
I searched and found that nvidia has nvjpegdec format ; when I used it , I got the below output
gautham@gautham-desktop:~$ gst-launch-1.0 v4l2src device=/dev/video0 ! "image/jpeg,width=680,height=720, framerate=30/1" ! nvjpegdec ! video/x-raw ! nvvidconv ! 'video/x-raw(memory:NVMM),format=NV12' ! nvoverlaysink -e
Setting pipeline to PAUSED ...
Pipeline is live and does not need PREROLL ...
ERROR: from element /GstPipeline:pipeline0/GstV4l2Src:v4l2src0: Internal data stream error.
Additional debug info:
gstbasesrc.c(3055): gst_base_src_loop (): /GstPipeline:pipeline0/GstV4l2Src:v4l2src0:
streaming stopped, reason not-negotiated (-4)
ERROR: pipeline doesn't want to preroll.
Setting pipeline to PAUSED ...
Setting pipeline to READY ...
Setting pipeline to NULL ...
Freeing pipeline ...