Hi Ankit,
I'm reading on your posting above and I'm trying to understand the challenge here.
From your posting above what I understand is you have and existing valve (this valve already have a rated Cv) and you wanted to check whether or not this Cv is still enough for the increased gas flow.
First thing that you have to check if what is the your current control valve manufacture and also type. Cause each Control Valve manufacture has his own different formula based on the characteristic of the valve that they manufacture so to be able to have on the same basis with how the current control valve is sized you have to use the same formula.
If you cannot have the data of the existing control valve, one that you can use is by using the existing general Cv sizing formula, the formula can be found in several engineering guideline or standard. But be aware that the calculations that you use may be different with the calculation that is have been used to calculate the current control valve Cv, so it is like you are comparing Apple to Orange here.
The validity of any method that you used, whether to try to use the same formula as before or to use generic control valve sizing will be depend on the stage of you problem. If this is to be applied on the operations I would prefer to try to find the current valve manufacture control valve sizing formula, but if this is for feasibility study you can use the generic control valve sizing.
Hope the answer is helping