very simple solution:
use a diode to cut off the negative half-waves, connect it to a capacitor to charge it to the peak voltage and use two resistors as a voltage divider. you may even use a trimmer as one of the resistors to adjust the desired output voltage (if needed)
Will the sensitivity be good???
i want 2 volts DC for 230 V AC.... that has to be fed to an error amplifier.. so the Dc voltage should be fairly stable and flat ... using capacitor can removes ripples but i fear that sensitivity will be poorer.
Even a 1 volt change in i/p(230 rms) should be detectable...
Use a step down transformer to reduce the AC voltage and for safety. Make the output on the order of 6 VAC. Use two op amps to make a precision rectifier and absolute value circuit. Gain in the absolute value stage can be adjusted for your 2 VDC output equivalent to 230 VAC in.