A system, method and computer program product are provided for classifying at least one speed sign associated with a region. In an example embodiment, the method may include obtaining sensor data comprising speed limit data associated with the at least one speed sign. The method may further include obtaining map data associated with a segment of the region, wherein the map data comprises conditional speed limit data associated with a conditional speed limit sign linked with the segment. The method may further include comparing the speed limit data with the conditional speed limit data and classifying the at least one speed sign as one of a conditional speed sign or a non-conditional speed sign based on the comparison.