Typically, the valve closing time is derived from the hydraulic (water) hammer formula. Is function of material, piping arrangement, fluid properties, etc. This applies to normal valves. The ESD valves have to close quickly, but without damaging the piping and equipment. For example, 80% is a quick closure of the ESD and the last 20% is slow, to prevent water hammer. Even in long, large diameter gas piping, you have to consider the pressure increase due to rapid closure.
Google water hammer and do your research on the opening/closing time for valves.
As far as large manual, geared valves concerns, how long is the piece of string? How fast can you spin the handwheel? Typically, these valves are much slower than the actuated ones, so I wouldn't worry too much on the closing time. You can get these time figures from the valve supplier or you can work with him to determine the actuating time.
Cheers,
gr2vessels