Yup.
Most students at most institutions have been knocking out batchelor's degrees in 3 years since before I were a lad. Perfectly standard.
Some of the four year ones often included a year doing something a bit different to create a bit of interest, hence some of my friends did chemistry with Italian, or maths with Spanish.
Some undergraduate courses are longer though. I think an architecture degree takes 4, as do some engineering degrees. Standard medical degrees take 5 (an extra 2 years for the pub as per clear prop's calculation...)