This work aims at augmenting the amount of potable water using MgO and TiO2 in stepped solar still. Experiments were carried out for the climatic conditions of Chennai, India, with two different concentrations of nanofluids inside a stepped basin under three different cases. Results show that there is an improvement in yield of fresh water from stepped solar still by 33.18% and 41.05% using 0.1% and 0.2% volume concentration of TiO2 nanofluid, respectively, whereas the freshwater yield from stepped still with MgO nanofluids improved by 51.7% and 61.89%. Furthermore, the economic analysis revealed that the cost of potable water from the modified solar still reduced from 0.029 to 0.016 $/kg. Similarly, the useful annual energy, yearly cost per kilogram, and annual cost per kilowatt hour are significantly profitable with the use of MgO nanofluid in the stepped basin and found as 512.46 kWh, 0.025 $/kg, and 0.026 $/kWh, respectively. It is also found that the cost of potable water from the modified still significantly increases as the amount of fresh water produced is decreased with increased fabrication cost of the solar still.