I didn't read FarmDad's post before writing my reply as I think I was writing while he was writing. I remembered that you had earlier stated your intention to cut the threads with a die nut. The normal reason for the relief groove is to give you time to stop the lathe before the cutter hits the shoulder. and in that case, the groove would have probably been wider than my suggested 1 MM. I think that the typical relief groove is wide enough to give you one or one and one-half revolutions in which to stop. That would be if you were cutting the thread on the lathe (usually called single-pointing it).
Another way in which to do it with the die nut is to counter-bore the hole in the tee-nut. But that is better done before tapping it. And I think I remembered that you already had the threaded nut.
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