This paper presents the novel approach towards table structure recognition by leveraging the guided anchors. The concept differs from current state-of-the-art systems for table structure recognition that naively apply object detection methods. In contrast to prior techniques, first, we estimate the viable anchors for table structure recognition. Subsequently, these anchors are exploited to locate the rows and columns in tabular images. Furthermore, the paper introduces a simple and effective method that improves the results using tabular layouts in realistic scenarios. The proposed method is exhaustively evaluated on the two publicly available datasets of table structure recognition: ICDAR-2013 and TabStructDB. Moreover, we empirically established the validity of our method by implementing it on the previous approaches. We accomplished state-of-the-art results on the ICDAR-2013 dataset with an average F1-measure of 94.19% (92.06% for rows and 96.32% for columns). Thus, a relative error reduction of more than 25% is achieved. Furthermore, our proposed post-processing improves the average F1-measure to 95.46% that results in a relative error reduction of more than 35%. Moreover, we surpassed the baseline results on the TabStructDB dataset with an average F1-measure of 94.57% (94.08% for rows and 95.06% for columns).