Speedometer off...

Sounds like you don't have 3:23's.

That isn't exact science, are you sure it isn't between 3 1/2 and 3 3/4?
3 3/5 would equal out to be 3.75 or in gear talk 3.73! 3 1/2 turns would be 3.50 or 3.55s so go turn your wheels again and make a good witness mark to get an accurate count. Im willing to bet you have a different gear than you think and that is why your speedo is off.