The pressure can be relieved anywhere between the throttle body and the compressor discharge, with no difference in practice.
If you want to nit-pick, closer to the compressor is better, because you're trying to relieve the pressure at the compressor, not the throttle body...
Does this car have a MAF sensor? And where is it located if it has one?
But that's not how it works. If you put the blow off valve near the compressor housing, all of the air in the pressurized section, from the blow off valve to the closed throttle body, will hit the throttle plate (because of inertia) and try to comeback the other way loosing some of it's energy. This will also create pressure waves in the pressurized section that could still lead to compressor surge.
Look at this picture of the Nissan GTR engine (two throttle bodies and two blowoff valves btw). The engineers positioned the BOVs as close as possible to the throttle bodies. But engineers don't know shit, right?
http://www.japanesesportcars.com/photos/d/35385-2/nissan-gt-r-engine.jpg