Is it possible to filter a value list based off of two properties?

On our document's metadata card there's a property called IN2 that displays Index Numbers. The values that display in this list are dependent on the Project and Group values.

For example, if project = Pipeline and Group = Commercial, I should only see values 1.01 - 1.04.

if project = Meter Station and Group = Commercial, I should see values 1.01 - 1.05, but currently it's showing the full list no matter the values for the Project and Group properties.

On the Index Number object card's metadata card I have the project and group configured.

1.04 metadata card

1.05 metadata card