The invention relates to a long and narrow deformation joint of a double shear wall and a construction method. The long and narrow deformation joint structurally and mainly comprises an inner side formwork, an outer side formwork, a back ridge, a frame support, an oval steel pipe, a split screw and a shelving platform plate. The construction method mainly comprises the construction steps of formwork manufacturing and splicing, shelving platform mounting, inner side formwork and frame support mounting, steel bar binding mounting, outer side formwork mounting, oval steel pipe mounting, wall concrete pouring, oval steel pipe dismounting, formwork and reinforcing component dismounting, and wall cleaning and maintaining. According to the provided easy-dismounting type inner formwork of the longand narrow deformation joint of the double shear wall and the construction method, the technical problem that in formwork construction of the long and narrow deformation joint of the double shear wall, formwork dismounting is difficult can be solved, the structural characteristics of the oval steel pipe are utilized, a specially-made oval steel pipe rotary jacking formwork dismounting device is adopted, a multifunctional hoisting device for cleaning and maintaining the inner wall face of the deformation joint is adopted, the formworks and operation tools are optimized, construction operationis convenient, fast and efficient, and remarkable technical and economic benefits are achieved.