SAML v2.0 SSO for ADFS v3.0 as the identity provider

Does componenttspace SAML SSO support ADFS 3 on Windows Server 2012 R2 where ADFS server is the identity provider? IF so, can you please provide the steps and technical details to do so?

Yes we do.
Please take a look at section 10.3 of our Developer Guide PDF which details interoperability with ADFS acting as the identity provider.
Our high-level SAML API example service provider (ExampleServiceProvider) project includes configuration for ADFS in its saml.config file.
This example service provider as well as the configuration of the relying party (aka service provider) in ADFS are described in the Developer Guide.