Since you used the word "sampling" here, I would like to add my opinion here.
I work in high power electrical measurements industry. We measure voltages as high as certain kV and MV and also currents as high as few hundred amperes. For HV measurement we use a 'probe' that looks like a long thick dart with wires coming out on the other side.
It sounds fancy but actually the circuit is quite simple. There are a few dozens 1/4W resistors inside the probe forming a simple voltage divider. Now you can divide the voltage using 2-3 resistors but to withstand high voltages and powers it is recommended to use lot of resistors so that power they can withstand adds up.
The voltage probe divides voltage by factor of 1000. That means at 1kV it outputs 1V. So if you simply connect a DMM on the output you'd have to use AC measurement feature to get the voltage in kV converted to equivalent number of volts.
Method 1: In your application you can keep this thing in mind and get the voltage division in similar manner. Division factor of 100 is something you might want but the divider you build must be a series of several smaller value resistor probably 5-10 to improve the power rating instead of a single large value resistor.
About Voltage Dividers
Method 2: If you use programming efficiently you can skip the rectifier (4 diodes). All you need to do is take samples of your divided AC signal at least at the rate of 20 times (Nyquist's theorem) your AC frequency. You can either store these samples or just use them to find the peak voltage on both sides (+ve peak and -ve peak) and then discard the samples. All this obviously if your ADC allows the said high speed sampling rate. You'll be needing to take samples for a couple of seconds to be accurate.
Nyquist Sampling Theorem
Method 3: What would be better is if you added a step down transformer to drop the voltage before the voltage divider (to about 10-20V) and tune the divider accordingly, you'll have lesser risk of burning your Micro controller circuit. The output of step down transformer will be directly proportional and linear to input voltage. Just make sure you get a good quality transformer. Then you can convert it to DC using capacitors and zener diode to measure directly using micro controller.
Also I would recommend using buffer amplifier rather than feeding the voltage directly to micro controller. This would give you a chance at calibrating the results and high input impedance of your controller circuit.