The Cp/Cv value in Hysys is the 'actual' value, based on the equations of state in thermodynamic package you are using.
You can calculate the 'ideal' value by the following formula:
Cp/Cv (ideal) = Cp / (Cp - R)
where Cp = molar heat capacity of gas stream (kJ/kmolK)
R = universal gas constant = 8.314 kJ/kmolK
I suggest (although cannot confirm) that you use the ideal value in most formulae (e.g. PSV sizing) since these formulae are often derived with some 'ideal' assumptions.
If in doubt, use the value which gives the most conservative result.