We assess the accuracy and computational
efficiency of
the recently
developed meta-generalized gradient approximation (metaGGA) functional,
restored regularized strongly constrained and appropriately normed
(r2SCAN), in transition metal oxide (TMO) systems and compare
its performance against SCAN. Specifically, we benchmark the r2SCAN-calculated oxidation enthalpies, lattice parameters,
on-site magnetic moments, and band gaps of binary 3d TMOs against the SCAN-calculated and experimental values. Additionally,
we evaluate the optimal Hubbard U correction required
for each transition metal (TM) to improve the accuracy of the r2SCAN functional, based on experimental oxidation enthalpies,
and verify the transferability of the U values by
comparing against experimental properties on other TM-containing oxides.
Notably, including the U-correction with r2SCAN increases the lattice parameters, on-site magnetic moments,
and band gaps of TMOs, apart from an improved description of the ground
state electronic state in narrow band gap TMOs. The r2SCAN
and r2SCAN+U calculated oxidation enthalpies
follow the qualitative trends of SCAN and SCAN+U,
with r2SCAN and r2SCAN+U predicting
marginally larger lattice parameters, smaller magnetic moments, and
lower band gaps compared to SCAN and SCAN+U, respectively.
We observe the overall computational time (i.e., for all ionic+electronic
steps) required for r2SCAN(+U) to be lower
than SCAN(+U). Thus, the r2SCAN(+U) framework can offer a reasonably accurate description
of the ground state properties of TMOs with better computational efficiency
than SCAN(+U).