Agree with the previous reviewer - Regency Villas is very old and in need of renovation.
It was actually pretty cool to stay in such an old place - it was like stepping back in time 100 years.
For us it worked out really well as our driver first took us to a hotel right in town that didn't look very good and was really expensive. After explaining that we had hoped to stay out in the hills (the whole reason to go to Ooty!), he took us to Regency Villas.
As it turned out, we were offered a *huge* room for less than the hotel in town - I think we paid 2475 INR in the end, which I thought was good value for Ooty.
Note that breakfast, dinner, etc is only available at the neighbouring "Fernhill Palace" - a 5 - 10 minute walk from Regency Villas.
Overall we were very happy with our stay.
