Stripped chair cover from chatelaine's dwelling (9)

I believe the answer is:

residence

I'm a little stuck... Click here to teach me more about this clue!

'dwelling' is the definition.
(I know that residence is a type of house)

'stripped chair cover from chatelaine's' is the wordplay.
'stripped' indicates the central letters (outside letters removed).
'chair' becomes 'preside' (synonyms).
'cover from chatelaine's' becomes 'ence' (I can't justify this - if you can you should believe this answer much more).
The middle of 'preside' is 'resid'.
'resid'+'ence'='RESIDENCE'

Can you help me to learn more?

(Other definitions for residence that I've seen before include "bode" , "flat, say" , "Place or house where one lives" , "Dwelling place" , "Dire scene (anag.)" .)

I've seen this clue in The Times.

Want a hint initially instead of a full solution? Install my app