In this code snippet, we have first created a socket object by passing the socket family and socket type as the first and second arguments of the socket constructor. Then, you can get the socket timeout value by calling gettimeout() and alter the value by calling the settimeout() method. The timeout value passed to the settimeout() method can be in seconds (non-negative float) or None. This method is used for manipulating the blocking-socket operations. Setting a timeout of None disables timeouts on socket operations.