Woking council will hold a public meeting on Tuesday in response to a petition in June, when 478 residents asked it to look again at the plans.
The council said the meeting, with an independent chairman, was open to all.
Amanda Mahoney, from the Sheerwater Residents Committee, said people wanted to feel listened to.
She said residents wanted a new plan to be drawn up because not all the area marked in the current proposals needed demolishing.
Ms Mahoney said the plans had caused "great distress on so many levels".
Very few people would come out of the scheme positively because home owners would be unable to afford to re-buy, and council tenants would face temporary accommodation and a possible 40% rent increase, she added.
The estate was originally built after World War Two, to house families that relocated from London.
The council has said existing properties in the regeneration area, which includes 598 properties, will need to be demolished under the scheme.
All affected residents had been offered one-to-one meetings, the council has said.
It said Woking was in the top 10% of least deprived areas in the country but Sheerwater came within the 14% most deprived areas which made it a priority for change, and with investment it could become "a more vibrant community".
The authority said regeneration would bring new housing for current and future residents, with a retail centre, leisure centre, sports facilities, park, public square, community facilities and better transport links.
The council said it would comment further after the meeting.

McCall said he and some of his players were goaded by supporters following their 1-0 loss to the Lions at Wembley.
He questioned why stewards had not prevented the invasion.
"We're absolutely distraught, we wanted to clap our own fans, the last thing we need is people running around us and giving us verbals," said McCall.
"I think it's nonsense," he told BBC Radio Leeds. "Ten minutes later an army of stewards comes on when they should have been on straight after the final whistle and stood on the halfway line.
"I don't understand why people feel they need to come over to players, intimidate us and wind us up. I was close to clocking a couple.
"I'm not necessarily blaming the people who did it but where was the stewarding? Why march them out 10 minutes afterwards?
"They should have got to the halfway line straight away and stopped anyone from coming over."
Millwall boss Neil Harris encouraged his side's fans to leave the pitch to allow the team to enjoy their celebrations, while match-winner Steve Morison claimed they had "ruined" the moment.
"It's not ideal, it's not quite the place for a pitch invasion, I've got to be honest," Harris told BBC Radio London.
"I don't condone it whatsoever. I'm just hoping there was no disrespect towards Stuart and his team.
"For me, I wanted to get them off because I wanted to see my players enjoy it and I wanted to see my players take the admiration of the whole fan base, which happened in the end.
"I think it was overzealous, a lot of people wanting selfies and jumping about. I certainly don't condone it, but I'm hoping it was lighthearted."
Residents fighting the demolition of their homes as part of regeneration of the Sheerwater estate in Surrey claim they have not been consulted.
[NEXT_CONCEPT]
Bradford City boss Stuart McCall said he was "close to clocking" Millwall fans who invaded the pitch at the end of the League One play-off final.