What StrikerSashi said.
It's closer to about 100ms per level of severity (6 frames) of additional wait time, aka lag. 2-3 frames isn't really noticeable. It's what you would experience in a smooth connection of a specific quality (1-5 bars) with no changes during the session.
If you are an online warrior you will hardly notice anything because you are so used to it. Get to offline stuff/no delay after only playing online and you start screwing up combos because you only know how to press things too far in advance (been there, improved on that).
I still remember somebody I played offline trying to escape a Mila Takedown by pressing buttons a whole second in advance of the combo throw window and Mr. Wah made a comment about how we weren't online.